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Deleted member 40035
Guest
Are you an Uber salesman or something? Stick it up your middle zero marra.
Uber
- Thread starter muggboots
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About the price of a black cab then.
squashjoe
Striker
Station to station approx £7-£8 depending on traffic.
nyron4england
Striker
hasn't everywhere like. only in certain cities and countries. it isn't available in London. I think it's only available in places where uber customer uptake is poor (for example up north, where people will swear by their local firm even if they are robbing them blind)
And where does the uber profit go?
Plough them all into that huge crater marked "Losses" iircUber make a profit
Charmless Man
Striker
Absolutely terrible culture in the management and development side of the business and going through a lot of turmoil iirc.
Mainze
Striker
Standard investment company, spend money like they stole it.
it has slowed...
on path to profitability as losses are only 700 million dollars for last quarter so that's only 2 billion loss this year on top fo the 13 billion its has lost so far.
http://www.telegraph.co.uk/technology/2017/06/01/uber-path-profitability-losses-fall-708m/
C
Chad73
Guest
Jesus ! More lazy fat kuntz ahead!
Startups are great man, non-stop jollies and piss ups.
Uber make a profit
squashjoe
Striker
That was a black cab price, uber don't make a profit, never have and never will.
Ok. Where does the surge profit go?
Surge pricing transparency: a tale of two users
Uber’s surge pricing algorithm assesses a premium on the price that passengers pay, and the wages that drivers earn. Uber’s general policy is that if a passenger pays 2x the cost of a fare, the driver earns 2x in wages. However, a recent email conversation between an Uber driver and an Uber Customer Support Representative suggests that a passenger may be charged a different surge premium than what the driver earns, though I can’t say whether this is a widespread practice. One driver noticed that their passenger was charged 2.1x surge, but they were paid 1.6x surge. The driver was frustrated because surge is supposed to be the same amount for the driver and the passenger, and instead, Uber effectively increased its commission on the transaction. I was surprised to see the Uber CSR admit that this surge pricing discrepancy was intentional, rather than an error, because this two-sided surge practice hasn’t been communicated (or communicated widely) to drivers.
It's a blog like so I take it with a pinch of salt
I find some of the criticisms of uber weird to be honest:
- zero hours contracts and no employment benefits - well as we saw on this thread, taxi drivers in Sunderland pay to work for the local firms
- surge pricing when busy - it's there to get drivers nearby and it's a choice for the consumer still. It's better than there being no taxis nearby. At least you get that choice. They can't magic up drivers
- fare setting - well this is currently done by the local authority, and most people would argue it's too expensive. I'd never get a black cab, but uber sets it at a level that makes sense for me (and hence I'm spending money on taxis to someone rather than the bloody night bus)
Now granted their corporate culture looks somewhat unpleasant. But they are far from unique there
I've used them... if Uber want to supplement a fare for me then feel free.
no qualms with them just cant see how it is a sustainable business.
at some point the plug on cash could be pulled. loads of invested to far to pull out now though....
in for a very long haul and may never see their casj again
even if it turns a profit in next 3 years it isn't going to be mammoth profits
I think the investors are banking on the driverless cars to be the real money spinner, but that's a long term punt and you have other established players like Google hammering away for their slice of the market.
We do a lot of the platform development for all sides so hopefully should come out of it quite well, but it's definitely a way off before the coin will start flooding in.
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