Uber still benefits via a bigger cut from higher rates, so long as that's the market rate that people are willing to pay (if they start getting undercut by a co

Uber still benefits via a bigger cut from higher rates, so long as that's the market rate that people are willing to pay (if they start getting undercut by a competitor that's a different story). In my view, the fact that taxi drivers can charge extra and people are paying it shows that Uber was priced too low.