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July 18th, 2023 | Llama 2

Hacker News Recap

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The Benefits of Digital Cooperatives

The Driver's Cooperative, a driver-owned ride-hailing platform in New York, is set to become profitable this year. Under the management of one of its founding members, Sean Beckles, many former drivers are taking part in the operation. The cooperative boasts a $1.30 minimum hourly wage for its drivers and has made significant strides in its first full year,. bagging $5.9 million in revenue, and recording only a slight net loss.

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