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I used Pool last night in the city. Took me from the Fidi to Inner Richmond. $2.37. It was almost cheaper than Muni. I can't imagine the drivers are making much at all .
Uber has taken $12B of capital, broken the regulatory regimes and opened the drive-for-hire markets, marketed the benefits of drive-for-hire and ride-sharing to drivers and consumers, and helped drivers finance vehicles – but now there seems to be no barrier to entry for any competing service except writing an app. I'm happy to let VCs pay for my comfortable daily ride to work but I don't see how this is sustainable.…
2. Uber Pool requires a large number of drivers and customers to make it work. This is a real network effect and benefit, as having 2-3 customers in a car is more efficient than 1. This requires having other customers on a similiar route.
3. Customers want the closest car to them, meaning the company with the most cars gets a benefit
4. There are driver and customer acquisition and switching costs
Earlier quoted context omitted.
As you say, there is no effective way for them to lock users in, but they don't need to. They can outspend and outlast Lyft to make them run out of cash and/or devalued to the point where they can acquire them and shut them down. At that point, any (future) new entrant to the market will face a steeper uphill battle than Lyft did. In the process, they may lose some customers to real cars or public transit, but they'l…
No they won't face a steeper uphill battle. They'll have a much easier time: legislation will be clearer, drivers will already be driving for uber so installing another app is trivial, riders will already be familiar with app-hailed rides and so installing another app is trivial.
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They only guarantee gross pay -- that figure doesn't include Uber's cut or operating expenses[1][2]. Together, that would make your taxable income something like 60% of the figure. [1] http://therideshareguy.com/what-to-make-of-the-2016-uber-hou... [2] And seriously, phrasing the guarantee as before their own cut? Come on, guys.
I cannot understand, why even highly educated people fail to make this distinction between gross pay and the net pay. If that "provided you accept certain amount of rides" keeps increasing since more people will make use of such subscriptions, the operating expenses (fuel + wear and tear) continues to increase.
Yes that's pretty disingenuous.
Uber has taken $12B of capital, broken the regulatory regimes and opened the drive-for-hire markets, marketed the benefits of drive-for-hire and ride-sharing to drivers and consumers, and helped drivers finance vehicles – but now there seems to be no barrier to entry for any competing service except writing an app. I'm happy to let VCs pay for my comfortable daily ride to work but I don't see how this is sustainable.…
Once you've got one city down, scaling it isn't that hard.
Uber has taken $12B of capital, broken the regulatory regimes and opened the drive-for-hire markets, marketed the benefits of drive-for-hire and ride-sharing to drivers and consumers, and helped drivers finance vehicles – but now there seems to be no barrier to entry for any competing service except writing an app. I'm happy to let VCs pay for my comfortable daily ride to work but I don't see how this is sustainable.…
Even worse, Uber and Lyft threw a hissy fit in Austin and now there are competitors getting traction. Once you've got one city down, scaling it isn't that hard.
Uber and Lyft should relaunch there with self-driving cars (the mayor is all about self-driving cars) and change their logo to a fingerprint.
Uber has taken $12B of capital, broken the regulatory regimes and opened the drive-for-hire markets, marketed the benefits of drive-for-hire and ride-sharing to drivers and consumers, and helped drivers finance vehicles – but now there seems to be no barrier to entry for any competing service except writing an app. I'm happy to let VCs pay for my comfortable daily ride to work but I don't see how this is sustainable.…
Except network of drivers, network of riders with the app installed, name recognition, capital to run the backend systems and delve into mapping algorithms, etc.
Earlier quoted context omitted.
LOL. Go look at Europe. The answer to that is a definite hell-no.
Socialists have historically been some of the biggest proponents of democracy. You're probably trolling, but it'd be amusing to know which countries you think have socialist governments in place by force.
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That comes out to a guaranteed $73k/year, even if you take 3 weeks of vacation. For a family where both parents are driving uber, that comes out to a family income of almost $150k/year. Considering the only skill you need is the ability to drive a car, that's insane.
They only guarantee gross pay -- that figure doesn't include Uber's cut or operating expenses[1][2]. Together, that would make your taxable income something like 60% of the figure. [1] http://therideshareguy.com/what-to-make-of-the-2016-uber-hou... [2] And seriously, phrasing the guarantee as before their own cut? Come on, guys.
I see your point here and am annoyed by this tendency, but to be fair, in the US, this is pretty common. After all, salaries are reported pre-tax, despite a $100K salary meaning wildly different post-tax nets depending on where in the country you live.
Earlier quoted context omitted.
$2.37?! Wow. I use uber pool almost everyday and I never get deals like that! Eg:- http://m.imgur.com/a/5CtfQ
Because you use it everyday they haven't targeted you for a promotion.