3 ms·
> but uber and Lyft are already capturing upwards of 50% of the fares for each ride I'm not sure if that's an accurate number, but I have seen a lot of compla
by cameldrv 2y ago
> but uber and Lyft are already capturing upwards of 50% of the fares for each ride
I'm not sure if that's an accurate number, but I have seen a lot of complaints from drivers that they're getting a far lower share of the trip revenue than they used to. It's pretty remarkable that in a competitive market where Uber and Lyft are almost perfect substitutes for each other and charge almost exactly the same prices, that they're able to maintain these gross margins.