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In London, Uber raised the base rates 10% in November 2021 and then another 5% in August 2022.
by n4r9 4y ago
In London, Uber raised the base rates 10% in November 2021 and then another 5% in August 2022.
- surement 4y agowith no competition?
- n4r9 4y agoUber certainly has most of the rideshare market; I believe around 75% in recent years. It also competes with the local black cabs, with some limited success. With the recent price hikes Uber is no longer always a dramatic saving compared to black cabs, especially during "surge" periods. After ten years of operating at a loss, plus laws being passed about tax enforcement and driver payments, and a sexual abuse scandal, it seems like they've been forced into a bit of a reality check.