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The vast majority of that 20% goes into overheads associated with operating the service - e.g. insurance, background checks, etc. What's left to cover engineer
by BillinghamJ 12y ago
The vast majority of that 20% goes into overheads associated with operating the service - e.g. insurance, background checks, etc.
What's left to cover engineering & profit is probably only 2-3%.
- ThisIBereave 12y agoThe drivers have to pay for their own insurance, so it's not that. Hard to see how a background check requires 20% of all revenue.
- BillinghamJ 12y agoUber has their own insurance as well, in case a driver isn't insured. And the "etc." part of what I said is probably no less than 100 major things, so seems pretty silly to to make that statement.
- UrMomReadsHN 12y agoDo you have a source for that?
- BillinghamJ 12y agoYes - http://blog.uber.com/dynamicpricing http://blog.uber.com/dynamicpricing