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Uber is evil because it doesn't publish the conditions under which surge pricing will occur, and because surge pricing often happens when there are plenty of dr
by michaelochurch 12y ago
Uber is evil because it doesn't publish the conditions under which surge pricing will occur, and because surge pricing often happens when there are plenty of drivers available.
Uber collects when surge pricing is in effect, which means that there's a conflict of interest in how it manages this algorithm, which is not really a free market. In a free market, drivers and riders (not Uber) would decide on the price point for each level of service and availability.
- refurb 12y agoI don't really think surge pricing poses a conflict of interest for Uber. If I were running the company, I'd hate surge pricing. Who wants to pay 2 or 3 times the normal rate for a ride? I would imagine that when surge pricing is in effect Uber comes away with less revenue than periods where fares are normal.
- waps 12y ago> I would imagine that when surge pricing is in effect Uber comes away with less revenue than periods where fares are normal. That seems very unlikely.
- MarkMc 12y agoThere is no conflict of interest because it is clear that Uber's goal is to maximise profit for its shareholders - and that is fine. We let Toyota and Starbucks manage the 'algorithm' for pricing cars and coffee, so why not let Uber do the same for rides? If their price is too high then some other company (eg. Lyft) will offer a lower price and grab the business - seems like a free market to me.