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A comment on Uber Is Taking Millions of Manhattan Rides Away from Taxis. Parent comment

Re:Uber Is Taking Millions of Manhattan Rides Away from Taxis by brianwawok on Wednesday October 14, 2015 @03:28PM (#10388819)
Not rate to customer. Rate to drivers - which makes the good drivers leave.

In a new market Uber will pay something like 95-110% of fares taken in to drivers (not exact numbers, would need to look). Over the long run I think it drops to 60-70%, or something significantly worse (as clearly paying drivers 110% of income is not sustainable).

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Re:Uber Is Taking Millions of Manhattan Rides Away from Taxis by dotBen on Wednesday October 14, 2015 @05:11PM (#10389559)
Not true. Uber sets a commission (differs across different markets) with a new driver and that's what they get from the miles + time portion of the fare.

If Uber decides to change the commission it almost always grandfathers existing drivers to what they had when they joined.

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Re:Uber Is Taking Millions of Manhattan Rides Away from Taxis by jessaustin on Wednesday October 14, 2015 @10:13PM (#10390917)
Surely there is enough driver turnover that this is a distinction without a difference.
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Re:Uber Is Taking Millions of Manhattan Rides Away from Taxis by billmalarky on Wednesday October 14, 2015 @06:33PM (#10389996)
Well sure, they don't have a monopoly _yet_.
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