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From an efficient market standpoint, a good balancing measure would be if consumers knew exactly what it cost Uber/Lyft to provide the service. That way even if
by imustbeevil 7y ago
From an efficient market standpoint, a good balancing measure would be if consumers knew exactly what it cost Uber/Lyft to provide the service. That way even if they charge you more for being rich, you can make an informed decision whether or not you want them profiting as much as they are from you.
A competitor might even find an advantage by providing that information. For example, if a car service told you exactly how much the driver made and how much the service took as a cut, you might be willing to pay more because you know where the money is going.
- sokoloff 7y agoWhy would I care how they divided their money between the platform, the driver, and the company holiday party at HQ? I don't need nor even want to know how much Dunkin Donuts pays to make a donut or Exxon to buy, refine, and truck a gallon of gasoline to me.
- lawlessquestion 7y agoDunkin Donuts and Exxon provide all of the land, buildings, vehicles and materials their employees use to conduct business and turn a profit. Uber and Lyft not so much
- sokoloff 7y agoMore than half of Exxon's trucking is not company owned. All their filling stations are not company owned at this point (I believe that's accurate). The overwhelming majority of Dunkin locations are franchised as well. I don't care how they split the money up; I only care whether what they offer is worth the price they're asking to me.
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