6 ms·

Sooo: * Taxi drivers are not really known to be earning well * Taxi drivers cheat to increase their earnings * Uber is cheaper than taxis How does that work

Sooo: * Taxi drivers are not really known to be earning well * Taxi drivers cheat to increase their earnings * Uber is cheaper than taxis How does that work?

chmod775 6y ago
Control, surveillance, and accountability.
MattGaiser 6y ago
1. Uber doesn't require a medallion. Imagine if you needed to pay an extra mortgage to drive a taxi. 2. Accountability. Uber tracks things properly.
- sircastor 6y ago
  3. Uber subsidizes their fares with. VC capital. And unsustainably so.
  - onion2k 6y ago
    They only do that in markets where they're not established. It's just an extremely high marketing budget that gets spent on discount codes. As soon as Uber has a foothold the codes disappear and people have to pay for their rides. Ita no different to the $10 PayPal gave people for signing up or the $7 of BTC Coinbase give to referrals really.
    - sofixa 6y ago
      The fact that Uber are still bleeding money after being established in most markets they still operate in ( others were sold), would indicate otherwise.
      - deleted 6y ago
        [deleted]
      - searchableguy 6y ago
        Didi reports profit: https://www.forbes.com/sites/bradtempleton/2021/02/04/didi-makes-1-billion-profit-while-uber-bleeds---good-news-for-robotaxis/ https://www.forbes.com/sites/bradtempleton/2021/02/04/didi-m... A good report on why Uber is not profitable: https://www.cbinsights.com/research/report/how-uber-makes-money/ https://www.cbinsights.com/research/report/how-uber-makes-mo...
- mattmanser 6y ago
  Yeah, more like: 1. VC Money 2. Will collapse unless they put the price up 3. In America there was some crazy medallion system 4. VCs are selling off their shares before the whole thing collapses
offby37years 6y ago
Increased volume.
hntrader 6y ago
Less downtime and inefficiency perhaps
LatteLazy 6y ago
Drivers don't pay for special vehicles (London and NYC both require special vehicles for you to use). This also means you can use a more efficient vehicle so less fuel (all the Ubers here are Hybrids), cheaper maintenance etc. No one runs away without paying at the end of the journey. You never get robbed because you have no cash. Very few people will vomit etc all over the back seat or damage the vehicle costing the driver. When they do, you've covered. Insurance is handled before you're paid, so you get a bulk discount, pay with pre-tax money and only pay for the insurance you need. The flexibility means you only have to work when there is actual demand and it suits you to. No more sitting alone in a cab with nothing to do for hours between rush hours, you can work a 9-5 and drive for uber on the weekends etc. Earning well is a lot less when it's a top-up on your other job than when this is all you have.
deleted 6y ago
[deleted]

Sooo: * Taxi drivers are not really known to be earning well * Taxi drivers cheat to increase their earnings * Uber is cheaper than taxis How does that work?

chmod775 6y ago

Control, surveillance, and accountability.

MattGaiser 6y ago

1. Uber doesn't require a medallion. Imagine if you needed to pay an extra mortgage to drive a taxi. 2. Accountability. Uber tracks things properly.

sircastor 6y ago
3. Uber subsidizes their fares with. VC capital. And unsustainably so.
- onion2k 6y ago
  They only do that in markets where they're not established. It's just an extremely high marketing budget that gets spent on discount codes. As soon as Uber has a foothold the codes disappear and people have to pay for their rides. Ita no different to the $10 PayPal gave people for signing up or the $7 of BTC Coinbase give to referrals really.
  - sofixa 6y ago
    The fact that Uber are still bleeding money after being established in most markets they still operate in ( others were sold), would indicate otherwise.
    - deleted 6y ago
      [deleted]
    - searchableguy 6y ago
      Didi reports profit: https://www.forbes.com/sites/bradtempleton/2021/02/04/didi-makes-1-billion-profit-while-uber-bleeds---good-news-for-robotaxis/ https://www.forbes.com/sites/bradtempleton/2021/02/04/didi-m... A good report on why Uber is not profitable: https://www.cbinsights.com/research/report/how-uber-makes-money/ https://www.cbinsights.com/research/report/how-uber-makes-mo...
mattmanser 6y ago
Yeah, more like: 1. VC Money 2. Will collapse unless they put the price up 3. In America there was some crazy medallion system 4. VCs are selling off their shares before the whole thing collapses

offby37years 6y ago

Increased volume.

hntrader 6y ago

Less downtime and inefficiency perhaps

LatteLazy 6y ago

Drivers don't pay for special vehicles (London and NYC both require special vehicles for you to use). This also means you can use a more efficient vehicle so less fuel (all the Ubers here are Hybrids), cheaper maintenance etc. No one runs away without paying at the end of the journey. You never get robbed because you have no cash. Very few people will vomit etc all over the back seat or damage the vehicle costing the driver. When they do, you've covered. Insurance is handled before you're paid, so you get a bulk discount, pay with pre-tax money and only pay for the insurance you need. The flexibility means you only have to work when there is actual demand and it suits you to. No more sitting alone in a cab with nothing to do for hours between rush hours, you can work a 9-5 and drive for uber on the weekends etc. Earning well is a lot less when it's a top-up on your other job than when this is all you have.

deleted 6y ago

[deleted]