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Has it always been that way though? I remember when they first launched in SF, and I remember drivers being pretty excited about how much they were making drivi
by metamet 9y ago
Has it always been that way though? I remember when they first launched in SF, and I remember drivers being pretty excited about how much they were making driving. I remember talking to some folks who also drove taxi, mentioning that Uber paid them substantially more.
- kirykl 9y agoDriver quality correlates with price/earnings per mile on an S-Curve. Per mile earnings and per mile prices have both dropped.
- cavanasm 9y agoPart of this is that Uber was / is building a rider / driver base, and to do so, they accept losses on every ride. They were paying drivers more money than they were collecting in fares. It was an attempt to claim market share and drive competitors out of business (which hasn't quite worked thus far) so they could increase the prices later when they had price control power. Uber's existence is all based around investors dumping money faster than they burn it in operating costs (without ever turning a profit).