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While Uber and Lyft raise prices in periods of high demand, they also subsidize rides in periods of low demand to keep a consistent quality of service. You'd ha
by xocyabencl 9y ago
While Uber and Lyft raise prices in periods of high demand, they also subsidize rides in periods of low demand to keep a consistent quality of service. You'd have a hard time getting a network as reliable as Uber and Lyft without that subsidy.
- AntAF 9y agoIt's not uncommon to see Uber retain 75% of the fee collected these days. The subsidies are much lower and less frequent than you are probably expecting. In Los Angeles, you are talking about 1.1-2.0 subsidy on base rates in the same areas with base rates for the driver being .72/mi and .11/min.