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Uber Faces Shareholder Revolt Over Plan to Replace Driver Pay with Blockchain Tokens. A coalition of major institutional investors, representing 12% of Uber's equity, today filed a formal challenge against the CEO’s proposal to shift driver compensation to a proprietary blockchain token, citing unconstitutional pay cuts and regulatory risk. The move threatens to derail the company’s promised path to profitability and could set a precedent for gig-economy labor disputes in the decentralized finance era.

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Uber Faces Shareholder Revolt Over Plan to Replace Driver Pay with Blockchain Tokens. A coalition of major institutional investors, representing 12% of Uber's equity, today filed a formal challenge against the CEO’s proposal to shift driver compensation to a proprietary blockchain token, citing unconstitutional pay cuts and regulatory risk. The move threatens to derail the company’s promised path to profitability and could set a precedent for gig-economy labor disputes in the decentralized finance era.