Last week, residents of New York City were provided a new option for getting around with the launch of Drivers Cooperative, a driver-owned rideshare service.
The company is not the first rideshare service to take on the big two of Lyft (NASDAQ: LYFT) and Uber (NYSE: UBER), and it likely won’t be the last. The Drivers Cooperative promises to take a smaller commission from fares than either Lyft or Uber, offer lower rates for riders and ensure drivers make more money.
In 2019, another rideshare...