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Uber asks SEC to let it give equity to drivers

Dan Primack, author of Pro Rata

Uber on Thursday sent a letter to federal securities regulators, asking for rules changes that would let it provide company stock to its drivers, Axios has learned.

  • Uber first met with U.S. Securities and Exchange officials several years ago about this issue, but was rebuffed. New SEC chairman Jay Clayton, however, spearheaded a request for comment on the issue, and Airbnb received attention last month for its positive response.

Why it matters: This could become an important new type of compensation for millions of "gig economy" workers.

Go deeper

Rebecca Falconer
29 mins ago - Politics & Policy

In photos: D.C. and U.S. states on alert for pre-inauguration violence

National Guard troops stand behind security fencing with the dome of the U.S. Capitol Building behind them, on Jan. 16. Photo: Kent Nishimura / Los Angeles Times via Getty Images

Security has been stepped up in Washington, D.C., and state capitols across the U.S. as authorities brace for potential violence this weekend.

Driving the news: Following the Jan. 6 insurrection at the U.S. Capitol by some supporters of President Trump, the FBI has said there could be armed protests in D.C. and in all 50 state capitols in the run-up to President-elect Joe Biden's inauguration Wednesday.

Go deeper (<1 min. read)Arrow
Axios
8 hours ago - Politics & Policy

The new Washington

Illustration: Sarah Grillo/Axios

The Axios subject-matter experts brief you on the incoming administration's plans and team.

Deep Dive (5 min. read)Arrow
Oriana Gonzalez
9 hours ago - Politics & Policy

Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after last week's deadly Capitol riot. Correa did not shelter in the designated safe zone with his congressional colleagues during the siege, per a spokesperson, instead staying outside to help Capitol Police.

Go deeper (1 min. read)Arrow