4 ms·
This seems like a good summary. It's worth remembering that a lot of Uber drivers are making relatively little money. Some are students, some are part-timers,
by Bartweiss 10y ago
This seems like a good summary.
It's worth remembering that a lot of Uber drivers are making relatively little money. Some are students, some are part-timers, but no matter what Uber ROI drops off more aggressively than most jobs (you work surge times, then constant-demand times, then your rates collapse).
I definitely have the sense that Uber's current model isn't sustainable - the money looks good because they constantly bring on new drivers who underestimate tax and depreciation, and count their salary in weekly-paycheck terms. I suspect that either they'll become more generous once they're spending less on regulation/campaigning, or something else will fall apart.
- marcosdumay 10y agoIt may be sound for part-time drivers. If they are people that need the cars for other activities, depreciation is a sunk cost, and should not be taken into account. But that does not make the basis for a sound self-driving fleet.
- learc83 10y agoDepreciation is also a function of mileage.