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I doubt that their margin is much higher than that after factoring in discounts.
by ma2rten 7y ago
I doubt that their margin is much higher than that after factoring in discounts.
- criddell 7y agoI may be wrong, but I don't think the driver keeps 95% of the fare.
- ma2rten 7y agoKeep in mind that Uber's revenue was $3.6 billion in the last quarter, but they lost $1.2 billion. I wouldn't be surprised if their margin was negative. Really the problem is not that Uber gets paid too much, but that drivers are underpaid. I think a minimum wage for drivers is a better solution. In California such a law is currently underway.
- criddell 7y agoI mentioned minimum wage in another comment. If a driver has the app open for four hours, they need to be paid a minimum of four hours of minimum wage.