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I'm not an expert but I doubt there's really a ton of profit in rides. Uber, Lyft, even taxi companies are barely profitable after many years. With the amount o
by Beaver117 4y ago
I'm not an expert but I doubt there's really a ton of profit in rides. Uber, Lyft, even taxi companies are barely profitable after many years. With the amount of money and time spent on making self driving work I'm not sure they'll ever make their money back.
- brianwawok 4y agoYou realize like 60% of the Uber / lyft fee goes to the driver? Now imagine there is no driver… the math sure changes
- neon_electro 4y agoI'm begging you to read up on the actual experiences of drivers for Lyft & Uber - there are dedicated subreddits. Lyft and Uber are not leaving 60% of the money on the table to the drivers. https://www.reddit.com/r/lyftdrivers/ https://www.reddit.com/r/lyftdrivers/ https://www.reddit.com/r/uberdrivers/ https://www.reddit.com/r/uberdrivers/
- brianwawok 4y agoAre you including tips and recruitment fee and driver bonuses?
- neon_electro 4y agoAbsolutely. No competent accounting would exclude those.
- yunwal 4y agoNobody is saying it’s a livable wage for a human. In many competitive markets drivers spend more time driving around looking for a ride than making money. But it’s still a huge cost to Uber/Lyft to pay people even if they’re paying a pittance.
- neon_electro 4y agoNeither me nor the person I was responding to mentioned the words "liveable wage". Want to respond to the 60% figure?
- yunwal 4y agoYes, 60% of the money including tip (which is a cost that gets passed onto the consumer and therefore reduces ridership) seems more or less correct to me. A forum where people to go to complain about Uber/Lyft doesn’t seem like a representative enough sample to refute that.