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At first I thought Uber will be a great business charging 20% of rides if they can ramp up to many millions of riders. Now they squeeze drivers harder and hard
by paulsutter 7y ago
At first I thought Uber will be a great business charging 20% of rides if they can ramp up to many millions of riders.
Now they squeeze drivers harder and harder for bigger and bigger percentages. Yet they are losing money faster and faster.
The problem is they’ve hired armies of very talented people, each one-upping the next on initiatives to screw drivers a little worse, or create some lame promotion, and pretty soon you have a ruthless company that is also drowning in expenses and headcount.