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A comment on Uber And Lyft take more from drivers than they say: survey. Parent comment

Re:Uber And Lyft take more from drivers than they say: survey by frankbreetz on Wednesday August 28, 2019 @10:33AM (#20820160)
That's what I don't understand. What are the various cost and overhead? If a trip cost $10, the driver gets $7. You are telling me $3 to uber doesn't cover overhead? Overhead to me seems extremely small, what is the marginal cost on an uber ride to uber?
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Re:Uber And Lyft take more from drivers than they say: survey by johnbrodie on Wednesday August 28, 2019 @10:54AM (#20820392)
There is a huge amount of Uber right now that needs paid for but is out of sight, though. Developers for the app and infrastructure, but also entire offices of engineers dedicated to R&D for driverless cars. Eats into that $3 quick.
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Re:Uber And Lyft take more from drivers than they say: survey by ninth_ant on Wednesday August 28, 2019 @11:48AM (#20820956)
> If a trip cost $10, the driver gets $7. You are telling me $3 to uber doesn't cover overhead?

Your mistake (I think) is that you are connecting the costs to the prices on a per-trip basis.

In the hyper-growth phase where the objective is to gain mindshare and market share, their VC and IPO cash can be used instead of charging reasonable prices.

For your scenario it’s entirely possible that the price of the ride is $10 but the cost of the ride to the driver is $12.

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Re:Uber And Lyft take more from drivers than they say: survey by tryitnow on Wednesday August 28, 2019 @10:50AM (#20820340)
Other costs include vehicle depreciation, insurance, maintenance, gas, etc.

Hubert Horan is an analyst who goes into these costs into detail. http://horanaviation.com/Uber.html

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Re:Uber And Lyft take more from drivers than they say: survey by misnome on Wednesday August 28, 2019 @11:20AM (#20820646)
Isn't all this offloaded to the driver though? e.g. not Uber's $3 cut
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Re:Uber And Lyft take more from drivers than they say: survey by bena on Wednesday August 28, 2019 @12:39PM (#20821413)
That's a different discussion.

I'm not the one telling you that the $3 doesn't cover overhead. Uber is. Taxis that cost more are.

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