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"About a third of what passengers pay goes to Uber for commissions and booking fees." Holy shit. That's way too much commission for a company that uses software
by goelakash 8y ago
"About a third of what passengers pay goes to Uber for commissions and booking fees."
Holy shit. That's way too much commission for a company that uses software and not actual labor to connect drivers to riders.
- deleted 8y ago[deleted]
- selestify 8y agoAnd yet they're still losing money fast.
- TeMPOraL 8y agoRapid expansion and getting away with illegal behaviour by staying inside legal system's OODA loop cost money.
- mschuster91 8y agoHmm. Not an Uber user myself as we have cheap and reliable taxis in Germany, but how is payment handled? Does Apple take their usual 30/15% cut as with Netflix, Spotify and friends?
- kranner 8y agoThe 30% cut is only for digital products sold via native apps. That's why the Amazon iOS app lets you buy physical products but e.g. Kindle ebook purchases are not supported in the app.
- TulliusCicero 8y agoI'm an American in Munich, and while taxis here are indeed reliable, I wouldn't call them cheap. Ballpark, I'd say they're about twice as expensive as the Uber/Lyft trips I've taken back in the States.
- mschuster91 8y ago> I'm an American in Munich, and while taxis here are indeed reliable, I wouldn't call them cheap. Compared to the stories I have heard about US taxis (underqualified drivers, bad technical maintenance, general unreliability), I am not surprised. You can't have reliable and cheap. In addition to the mentioned factors, of course Uber/Lyft can be less expensive in the US - they ditch the contributions to social security, healthcare and pension system that is required for German employees. btw, I am Munich-based too... yes our taxis are expensive indeed but so are the living costs. Can't have no taxi drivers when they don't have a place to live in.
- TulliusCicero 8y ago> You can't have reliable and cheap. Well, the ones I've taken so far in the US have been fine. > btw, I am Munich-based too... yes our taxis are expensive indeed but so are the living costs. Much of my Uber using has been in the SF bay area, which is substantially more expensive to live in than Munich. It's still way cheaper.
- scarface74 8y agoJust to add to a sibling poster, Uber doesn’t require, but does allow you to use Apple Pay for rides. Apple Pay costs about the same as a regular credit card payment to the merchant.
- techslave 8y agohow do you feel about app store commissions?
- ovi256 8y agoSoftware costs labor to develop, maintain, and operate. If you feel operating Uber's systems should cost much less, why not invest or found a competitor ?