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> But the drivers don’t get much of that fare, so I assumed the bulk of the money went to Uber/Lyft. Ridestar claims that 61% goes to the driver; 39% to Lyft/U
by lkbm 7y ago
> But the drivers don’t get much of that fare, so I assumed the bulk of the money went to Uber/Lyft.
Ridestar claims that 61% goes to the driver; 39% to Lyft/Uber.[0]
Their S-1[1] shows lots of sales and marketing, lots of R&D (remember, they're working on self-driving cars, among other things), and lots of general/admin (I suspect they spend a lot on legal).
[0] https://www.ridester.com/uber-fees/ https://www.ridester.com/uber-fees/
[1] https://www.sec.gov/Archives/edgar/data/1543151/000119312519103850/d647752ds1.htm https://www.sec.gov/Archives/edgar/data/1543151/000119312519...
- freyr 7y agoBesides the R&D, they hired an army of SV software engineers at top-of-market rate.