What are their costs? Is it the software? I'm puzzled like you... They just reported $1B+ in revenue but its not like a bunch of brick n mortar or inventory or equipment...
Uber Driver Sob Stories
- Thread starter intrepid27
- Start date
What are their costs? Is it the software? I'm puzzled like you... They just reported $1B+ in revenue but its not like a bunch of brick n mortar or inventory or equipment...
@dahliaclone , Thanks for sharing your experiences and knowledge of ridesharing. I never realized how slanted the billing could be toward the ride sharing company. I just guessed the driver got about half since they bear all the vehicle expenses.
Happy to. The more people that know who knows maybe Lyft will change. But doubtful. I’ve started asking riders when they get in what the app told them their cost would be. It’s frustrating hearing a rider will pay $80 for a 30 mile ride and I might get $25 of that.
It's honestly ridiculous how much money these uber-corporations (see what I did there) get compared to the driver per ride... and then even more ridiculous that they aren't turning a profit (although that can be due to many other things I'm not up to speed with). I am to the point where I hope they either change their structure/direction or fail. It shouldn't cost 50%+ for overhead when the drivers do all the real work and have all the real fixed costs.
I don’t know but I’d like to see one that just facilitated the transaction. Let drivers set their rates. That would allow competition between drivers and would be more of an actual service instead of a pseudo employee contractor relationship.
Yeah. Wow. The most I've paid is $88, and that was for a trip that took an hour. What does it take for a $300 ride??
That's eye-opening. Now I'm wondering how much a driver actually gets paid for my typical 10-15 minute 2am Uber of shame.
I’m guessing no more than $5. Mileage counts more than minutes though in terms of pay.
We had a driver who does both rideshare apps and he said that Lyft was originally the driver friendly app (better cut of the fare + tips) of the two but now they are also on par with Uber.
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Learning a lot in this thread. I am glad I always tip drivers now. Even if it is a short ride. Although I really shouldn't have to. I am basically helping out Lyft. It blows my mind that they aren't turning a profit. It seems like it should be fairly easy to do with how much they make.
Sounds good in theory but the level of competition would likely make it worse for drivers than it is now.
Yup, happens all the time trying to get back to the hotel from Wrigley. A 5 mile ride could cost you $150 bucks in no time.
Actually tips do go 100% to driver which is nice. But tips are a bit rare here. If I had to guess on average how many people tip it’s 2-3 out of 10.