Wow, 15% YOY Growth? That exactly matches the driver pay cuts YOY. He’s now stealing 65% of most fares and attracting new competitors into the market to erode his market share. I don’t see a future for this company at all.
Uber used to pay surge to drivers when they charged surge to riders. These days they still charge surge (2-5x the normal rate) but don’t share the surge with drivers. If you have enough drivers on the road there is no need to entice them to stay on the road. I believe their profitability is going to surge due to the slave drivers virtually working for free when all of their expenses are accounted for🖐🏿
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Wow, 15% YOY Growth? That exactly matches the driver pay cuts YOY. He’s now stealing 65% of most fares and attracting new competitors into the market to erode his market share. I don’t see a future for this company at all.
Well spoken. Very savvy.
Uber used to pay surge to drivers when they charged surge to riders. These days they still charge surge (2-5x the normal rate) but don’t share the surge with drivers. If you have enough drivers on the road there is no need to entice them to stay on the road. I believe their profitability is going to surge due to the slave drivers virtually working for free when all of their expenses are accounted for🖐🏿
they are cooking the books ala crazy eddies back in the 80s