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I would like to see where Uber's numbers came from. How did they overestimate wages by such a huge margin? (48% and 39%)
by CamelCaseName 10y ago
I would like to see where Uber's numbers came from. How did they overestimate wages by such a huge margin? (48% and 39%)
- RodericDay 10y agoThey probably faked the numbers to scam people into driving for them and entrench themselves in the market.
- jaclaz 10y ago... or at least if it was anything different they completely failed to convince the FTC commission ...
- tyingq 10y agoHere's the actual FTC complaint: https://www.ftc.gov/system/files/documents/cases/1523082ubercmplt.pdf https://www.ftc.gov/system/files/documents/cases/1523082uber... Seems to be a combination of overestimating the number of rides drivers could get, and underestimating the cost of vehicle ownership.
- drpgq 10y agoI wonder if those real numbers were based on a 40 hour week.
- CervezaPorFavor 10y agoMarketing, obviously. They were technically correct, but the figures used were not "median income" (or whatever it is called). TechCrunch has a table that shows the comparison between advertised and real earnings: https://techcrunch.com/2017/01/19/uber-settles-ftc-lawsuit-claiming-it-misled-drivers-about-pay/ https://techcrunch.com/2017/01/19/uber-settles-ftc-lawsuit-c...
- parfe 10y agoDoes it matter? They're liars. Whatever justification they used for their lie is irrelevant. edit: I thought I commented on this story topic before and found this from over two years ago https://news.ycombinator.com/item?id=8523104 https://news.ycombinator.com/item?id=8523104