Uber loses licence to operate in London, will still operate while appealing

Re:Uber loses licence to operate in London, will still opera... by ma2rten on Monday November 25, 2019 @10:52AM (#21629173)

I doubt that their margin is much higher than that after factoring in discounts.

[ Parent | on HN ]

Re:Uber loses licence to operate in London, will still opera... by criddell on Monday November 25, 2019 @11:18AM (#21629558)

I may be wrong, but I don't think the driver keeps 95% of the fare.

[ Parent | on HN ]

Re:Uber loses licence to operate in London, will still opera... by ma2rten on Monday November 25, 2019 @09:52PM (#21635262)

Keep in mind that Uber's revenue was $3.6 billion in the last quarter, but they lost $1.2 billion. I wouldn't be surprised if their margin was negative.

Really the problem is not that Uber gets paid too much, but that drivers are underpaid. I think a minimum wage for drivers is a better solution. In California such a law is currently underway.

[ Parent | on HN ]

Re:Uber loses licence to operate in London, will still opera... by criddell on Tuesday November 26, 2019 @08:33AM (#21638094)

I mentioned minimum wage in another comment. If a driver has the app open for four hours, they need to be paid a minimum of four hours of minimum wage.

[ Parent | on HN ]