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Uber IPO Ignites $70 Billion Rideshare Stock’s Ticking Time Bomb

By CCN: Uber stock slumped toward a disappointing 7.62% loss following its blockbuster IPO on Friday, and the rideshare giant must now wrestle with an uncomfortable time bomb that has already started ticking. That time bomb? Driver compensation – and the backlash it has already begun to generate. Uber’s Alarmingly Low Pay Rate is Not Sustainable Two of Uber’s foundational resources are drivers and their vehicles, without which they cannot pick up passengers. For there to be a sufficient number of drivers, there must be enough incentive in the Uber pay scale to recruit them. In the early years, Uber

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