Wheels up for Waymo as we expand our 24/7 rider-only territories

Re:Wheels up for Waymo as we expand our 24/7 rider-only terr... by Beaver117 on Sunday December 18, 2022 @02:34PM (#34041898)

I'm not an expert but I doubt there's really a ton of profit in rides. Uber, Lyft, even taxi companies are barely profitable after many years. With the amount of money and time spent on making self driving work I'm not sure they'll ever make their money back.

[ Parent | on HN ]

Re:Wheels up for Waymo as we expand our 24/7 rider-only terr... by brianwawok on Sunday December 18, 2022 @03:22PM (#34042712)

You realize like 60% of the Uber / lyft fee goes to the driver? Now imagine there is no driver… the math sure changes

[ Parent | on HN ]

Re:Wheels up for Waymo as we expand our 24/7 rider-only terr... by neon_electro on Sunday December 18, 2022 @05:02PM (#34044056)

I'm begging you to read up on the actual experiences of drivers for Lyft & Uber - there are dedicated subreddits.

Lyft and Uber are not leaving 60% of the money on the table to the drivers.

https://www.reddit.com/r/lyftdrivers/ https://www.reddit.com/r/uberdrivers/

[ Parent | on HN ]

Re:Wheels up for Waymo as we expand our 24/7 rider-only terr... by brianwawok on Sunday December 18, 2022 @07:17PM (#34046287)

Are you including tips and recruitment fee and driver bonuses?

[ Parent | on HN ]

Re:Wheels up for Waymo as we expand our 24/7 rider-only terr... by neon_electro on Monday December 19, 2022 @12:12PM (#34054589)

Absolutely. No competent accounting would exclude those.

[ Parent | on HN ]

Re:Wheels up for Waymo as we expand our 24/7 rider-only terr... by yunwal on Sunday December 18, 2022 @10:35PM (#34048121)

Nobody is saying it’s a livable wage for a human. In many competitive markets drivers spend more time driving around looking for a ride than making money. But it’s still a huge cost to Uber/Lyft to pay people even if they’re paying a pittance.

[ Parent | on HN ]

Re:Wheels up for Waymo as we expand our 24/7 rider-only terr... by neon_electro on Monday December 19, 2022 @12:16PM (#34054637)

Neither me nor the person I was responding to mentioned the words "liveable wage".

Want to respond to the 60% figure?

[ Parent | on HN ]

Re:Wheels up for Waymo as we expand our 24/7 rider-only terr... by yunwal on Tuesday December 20, 2022 @01:43AM (#34062439)

Yes, 60% of the money including tip (which is a cost that gets passed onto the consumer and therefore reduces ridership) seems more or less correct to me. A forum where people to go to complain about Uber/Lyft doesn’t seem like a representative enough sample to refute that.

[ Parent | on HN ]