Re:Uber's Still Not Profitable
by Vespasian on Sunday August 07, 2022 @05:17AM
(#32375085)
If the costs per ride are higher than the fare, it doesn't matter how many they do.
In the end they have to pay for all the maintenance and initial purchase of the vehicle as well even if they manage to put those on the driver's as well.
Their "independent contractor" employment model doesn't work in some markets where they end up paying regular benefits and taxes.
In the end they have to pay for all the maintenance and initial purchase of the vehicle as well even if they manage to put those on the driver's as well.
Their "independent contractor" employment model doesn't work in some markets where they end up paying regular benefits and taxes.