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I think you're misinformed. Uber tells the rider the ride will cost $5. Uber doesn't tell the drivers how much the ride will cost until the trip is finished. Th
by inverse_pi 10y ago
I think you're misinformed. Uber tells the rider the ride will cost $5. Uber doesn't tell the drivers how much the ride will cost until the trip is finished. Then the fare is calculated based on miles and minutes. If the fare ended up > $5 then Uber will pay for the difference. If the fare ended up < $5 then Uber will take the difference. Seems reasonable to me.
- rhizome 10y agoHow often would you think Uber undershoots the estimate?
- inverse_pi 10y agowell they're losing billion of dollars every quarter so I'd say pretty often.
- rhizome 10y agoI meant: how often do they lose the spread?
- rbcgerard 10y agoProbably not that often - but it doesn't sound like its risk less for them