Uber Founder Travis Kalanick Resigns as C.E.O.

Re:Uber Founder Travis Kalanick Resigns as C.E.O. by kamaal on Wednesday June 21, 2017 @02:58AM (#14601474)

There is no easy way for these people to make money. Not unless they start charging their customers some multiples of price higher than they are doing currently.

Here in India, I go by the office cab to home everyday. I generally chat with the drivers as to why they don't drive for Uber/Ola etc. The answer is they need to make a good 1300 rupees on a round trip to be profitable, at a minimum of 6 trips per day. A trip with Uber/Ola etc costs 300 rupees(With pool). But even then!

So that's like these people need to start charging a minimum of 5x extra to make profits. At that price these people are no longer a viable means of transport.

To be profitable you need to back to the yellow taxi medallion thingy all over again.

EDIT: Fix a mistake.

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Re:Uber Founder Travis Kalanick Resigns as C.E.O. by marvin on Wednesday June 21, 2017 @03:27AM (#14601648)

That's less than one order of magnitude (10x), but of course the point stands.

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Re:Uber Founder Travis Kalanick Resigns as C.E.O. by mncharity on Wednesday June 21, 2017 @05:01AM (#14602123)

Another definition of 1 oom is anything between sqrt(10) and sqrt(10)*10. Basically 3 to 30. 2 oom, 30 to 300, and so on.

So if the (now edited) original intent was exponential, "more like 10x than 1x (or 100x)", then calling 5x an oom is fine. If the intent was linear, then yes, rounding 5x to 10x is 100 percent error (difference/actual). :)

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Re:Uber Founder Travis Kalanick Resigns as C.E.O. by marvin on Saturday June 24, 2017 @01:02PM (#14626328)

Huh, interesting. Wasn't aware of that :)

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