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To me all his assumptions seem pretty reasonable. Since Uber isn't providing a detailed breakdown, all we can do is estimate. And if we're willing to accept the
by tkfu 12y ago
To me all his assumptions seem pretty reasonable. Since Uber isn't providing a detailed breakdown, all we can do is estimate. And if we're willing to accept the basic assumption that people respond to economic incentives, remember that Uber's incentivized to be as misleading as possible in their favour. Even if it turns out they're completely lying, there's a reasonable chance that the economic benefits from building network by doing so are significantly greater than potential future costs if someone found out they'd lied. Given that context, I think the author was actually being overly generous and deferent to Uber's stated numbers.
My father-in-law's an NYC taxi driver, and before that (in the 90s) worked for a black car service. So I can tell you from inside experience that you make more money in Manhattan than anywhere else, period. The fact that Uber drivers have the freedom to go to New Jersey or Far Rockaway or wherever doesn't mean that they actually get any benefit from doing so.
- MarkPNeyer 12y agothe average speeds they are posting are only calculated during the day. uber does WAY more trips at night, when there is less traffic, so the cars can go much faster. source: used to work at uber.
- pbreit 12y agoAre you joking? I've been refused service several times in NYC because I wasn't going to the airport (ie outside manhattan). Town car business is even heavier to airports.