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The drivers are being paid more per ride than riders are paying for a ride. Let's say an Uber ride costs a passenger $10, and the driver is paid $15. Uber los
by seansmccullough 10y ago
The drivers are being paid more per ride than riders are paying for a ride.
Let's say an Uber ride costs a passenger $10, and the driver is paid $15. Uber loses $5.
- aianus 10y agoThis is not true in Toronto where I am a part time Uber driver. I've never received any sort of incentive or bonus. Uber is still extremely popular with both drivers and passengers. Note, this may be because Uber has no competition here and is already 50% cheaper than taxis. However it still illustrates that Uber can certainly operate with positive profit margins.