Ridesharing Company with Broad-Based Ownership Sells to Private Equity

Attentive readers may recall that startup ridesharing company Juno made a big splash when it promised to be a different kind of ridesharing company, one that treated its drivers well, including sharing equity with them. This year, Juno was bought out for $200 million by a private equity group. The drivers with shares all got about $100, even though many had hundreds or more shares that should have provided a great deal more value. Some drivers are now suing. Juno has not commented on the lawsuit.