Uber Confirms New $1.2B Funding Round, Looks to Asia for Expansion

Re:Uber Confirms New $1.2B Funding Round, Looks to Asia for ... by jld on Thursday December 04, 2014 @12:39PM (#8700450)

Uber spends a lot to acquire new drivers. They hire staff to recruit them, give them a new phone, and give the driver a signing bonus.

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Re:Uber Confirms New $1.2B Funding Round, Looks to Asia for ... by erichurkman on Thursday December 04, 2014 @01:02PM (#8700603)

The drivers pay for the phones now, by the way, at $10/week deducted automatically from their fares. They also recently released the driver app for iOS and Android for personal phones, too, so they (and the drivers) can forgo some of that cost.

They've also changed their take rate on drivers. New drivers IIRC are at 25%, older partners are at 20%, but maybe this varies on city.

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Re:Uber Confirms New $1.2B Funding Round, Looks to Asia for ... by fernandotakai on Thursday December 04, 2014 @01:53PM (#8700931)

> The drivers pay for the phones now

depends on the market. here in são paulo, drivers told me that they gave them phones + gave them a "working rate" (as in, as long as you are online and working you will get a per-hour-rate even if you don't get any passengers).

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