TIME

Uber’s IPO highlights American divisions

THE INSTANT UBER SHARES HIT THE New York Stock Exchange on May 10, people and groups from the company’s ex-CEO Travis Kalanick to Saudi Arabia’s sovereign wealth fund are set to make millions, even billions, of dollars. In all, Uber’s initial public offering (IPO) could set the company’s value at as much as $90 billion, likely the year’s biggest such deal.

Uber’s nearly 4 million drivers, however, probably won’t benefit much. In fact, they’re likely to see take-home pay worsen in coming years, as the ride-share company, to meet shareholder

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