Uber is experimenting with letting riders wait longer for a cheaper fare

Re:Uber is experimenting with letting riders wait longer for... by code_duck on Monday June 18, 2018 @09:55PM (#17343208)

"In the same breath you complain that they don't pay their drivers enough and that their service is too expensive."

You seem to present that as a contradiction, but the obvious conclusion is that the GP believes Uber keeps an unfair share of the ride fees.

Based on my vague internet research, it appears Uber keeps 20-25% plus various fees, like how credit card settlement charges work, which can add up to 40%+ for some rides.

[ Parent | on HN ]

Re:Uber is experimenting with letting riders wait longer for... by mlthoughts2018 on Monday June 18, 2018 @10:24PM (#17343345)

And the amount Uber keeps has to go way up too, if Uber is to cease operating at multi-billon dollar per year losses to become profitable. Currently they only take 20-25% and the rest of the required income to meet operating expenses is subsidized by VC funding.

And the losses are so large that it likely means both raising prices to riders and reducing the net payout to drivers at the same time.

[ Parent | on HN ]

Re:Uber is experimenting with letting riders wait longer for... by toomuchtodo on Tuesday June 19, 2018 @12:07AM (#17343757)

Hence why Uber is unsustainable without VC dollars. As soon as driver pay goes down further and ride costs increase, their model falls over.

[ Parent | on HN ]