Apple execs: Let's take a 30% cut of Uber and Lyft's membership programs (2018)

Re:Apple execs: Let's take a 30% cut of Uber and Lyft's memb... by Daishiman on Wednesday January 12, 2022 @06:14PM (#29914135)

Local corners stores have profit margins below 5%. Most supermarkets make barely more than 1% profit.

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Re:Apple execs: Let's take a 30% cut of Uber and Lyft's memb... by ianbicking on Wednesday January 12, 2022 @06:23PM (#29914244)

Both are kind of true. On individual items the margins are pretty large. But the operational costs are large and so on net the profit margin is low.

Unlike a store, Apple wants the margin without doing any of the work.

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Re:Apple execs: Let's take a 30% cut of Uber and Lyft's memb... by austinheap on Wednesday January 12, 2022 @06:18PM (#29914182)

I can’t speak for every corner store, of course.

The two SF owners I know very well and have helped with their books aim for 300%. They routinely hit this.

Edit: for context the one in Noe did 2m last year.

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Re:Apple execs: Let's take a 30% cut of Uber and Lyft's memb... by greedo on Wednesday January 12, 2022 @07:31PM (#29915092)

Markup is not profit.

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Re:Apple execs: Let's take a 30% cut of Uber and Lyft's memb... by austinheap on Wednesday January 12, 2022 @07:36PM (#29915160)

Agreed! What came in the door for 1x was expected (and did) leave for 3x. So 200% in the pocket?

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Re:Apple execs: Let's take a 30% cut of Uber and Lyft's memb... by tick_tock_tick on Wednesday January 12, 2022 @10:31PM (#29916490)

I mean I guess if you cooked the books that's the kind of math I expect.

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