7 ms·

The Bloomberg article notes the decreased rates: > In 2012, Uber Black cost riders $4.90 per mile or $1.25 per minute in San Francisco, according to an old ver

by huac 10y ago

The Bloomberg article notes the decreased rates: > In 2012, Uber Black cost riders $4.90 per mile or $1.25 per minute in San Francisco, according to an old version of Uber's website. Today, Uber charges $3.75 per mile and $0.65 per minute.

comex 10y ago
That's a good data point, but not perfect, since the amount Uber charges customers isn't necessarily directly correlated with the amount they pay drivers...
- mhluongo 10y ago
  I thought Uber took a standard %?
  - dopamean 10y ago
    They do. However I believe compensation to drivers is more complicated because of what are essentially marketing costs in the form of subsidized rides. A year or so ago before Uber left Austin a driver told me one weekend that Uber guaranteed him something like $400 to drive for the weekend so long as he picked up 30 fares (I'm fudging the numbers a bit here because I cant remember). Based on promotions being run for customers and increased rates Uber was definitely going to have to come out of their own pocket to meet that guarantee.
    - spike021 10y ago
      Are you sure that $400 amount wasn't just credits for using the app rather than actual money? I've seen both Uber and Lyft advertise that if you become a driver and do X rides in Y time you'll get Z credits to use as a rider.
      - HappyTypist 10y ago
        No, uber offers heavy incentives to drivers. When I drove a few years ago, easily half of my income came from subsidies and guarantees.
    - dnautics 10y ago
      Back when UberX was pushing in my city, I was lured to drive for Uber since I was a Lyft driver: They offered me $1000 signing bonus, $1000 to my referrer; then $40/hr for 50 hours for three weeks. I went to a starbucks in the most distant part of the coverage area and worked on the paperwork for my nonprofit and various coding side projects... Between that and various promotions, Uber spent about $6000 cash on me that year (based on my 1099-G) and based on my 1099, they made about $2500 on me on fares.
k-mcgrady 10y ago
The driver noted the mile price change in the video (although he may have been off with the figure). People posting 'transcripts' here seem to have conveniently left that out.

by huac 10y ago

comex 10y ago

That's a good data point, but not perfect, since the amount Uber charges customers isn't necessarily directly correlated with the amount they pay drivers...

mhluongo 10y ago
I thought Uber took a standard %?
- dopamean 10y ago
  They do. However I believe compensation to drivers is more complicated because of what are essentially marketing costs in the form of subsidized rides. A year or so ago before Uber left Austin a driver told me one weekend that Uber guaranteed him something like $400 to drive for the weekend so long as he picked up 30 fares (I'm fudging the numbers a bit here because I cant remember). Based on promotions being run for customers and increased rates Uber was definitely going to have to come out of their own pocket to meet that guarantee.
  - spike021 10y ago
    Are you sure that $400 amount wasn't just credits for using the app rather than actual money? I've seen both Uber and Lyft advertise that if you become a driver and do X rides in Y time you'll get Z credits to use as a rider.
    - HappyTypist 10y ago
      No, uber offers heavy incentives to drivers. When I drove a few years ago, easily half of my income came from subsidies and guarantees.
  - dnautics 10y ago
    Back when UberX was pushing in my city, I was lured to drive for Uber since I was a Lyft driver: They offered me $1000 signing bonus, $1000 to my referrer; then $40/hr for 50 hours for three weeks. I went to a starbucks in the most distant part of the coverage area and worked on the paperwork for my nonprofit and various coding side projects... Between that and various promotions, Uber spent about $6000 cash on me that year (based on my 1099-G) and based on my 1099, they made about $2500 on me on fares.

k-mcgrady 10y ago

The driver noted the mile price change in the video (although he may have been off with the figure). People posting 'transcripts' here seem to have conveniently left that out.