Could someone be the CEO of McDonalds thinking a Big Mac meal in the US costs $3?
Big “It’s one banana, Michael, how much could it cost? $10?” Vibes.
Uber CEO Stunned When He Heard Cost of 3-Mile Uber Ride
11–20 of 93 posts
Re: Uber CEO Stunned When He Heard Cost of 3-Mile Uber Ride
#12Last year, I traveled from DC to NY overnight, and it was 2.5x surge pricing. When i got to my destination, I stuck around in the car to see what the driver app was saying. I paid close to $900, driver took ~$250, the entire surge pricing difference went to Uber. I was thinking, that's an crazy markup over their AWS bill but really it's just a robbery.
Isn't (at least part of) the point of surge pricing to bring more drivers out onto the road? Or was that just a lie.
It’s a complete lie. On a $116 surge price trip, drivers get an extra $5.[0]
THIS is how Uber finally turned a profit. None of that Kalanick bullshit about how only self driving cars can make Uber profitable.[1][2] It’s jacking up prices and pocketing the difference.
Never trust a tech bro. They’re all grifters and liars.
[0] https://www.tiktok.com/t/ZT8LCks4j/
[1] https://www.usatoday.com/story/tech/news/2016/08/19/s-self-d...
[2] https://www.cnbc.com/2020/01/28/ubers-self-driving-cars-are-...
Re: Uber CEO Stunned When He Heard Cost of 3-Mile Uber Ride
#13Last year, I traveled from DC to NY overnight, and it was 2.5x surge pricing. When i got to my destination, I stuck around in the car to see what the driver app was saying. I paid close to $900, driver took ~$250, the entire surge pricing difference went to Uber. I was thinking, that's an crazy markup over their AWS bill but really it's just a robbery.
You took an Uber overnight from DC to NY? That's wild.
Indeed, I'm not sure whether it was in an emergency situation (or if they're referring to NYC versus NY state when they talk about NY) but I regularly travel from DC to NYC and vice versa on Amtrak and it costs me around 100 bucks each way, even in the middle of the night which has some pretty good deals.
Re: Uber CEO Stunned When He Heard Cost of 3-Mile Uber Ride
#14Last year, I traveled from DC to NY overnight, and it was 2.5x surge pricing. When i got to my destination, I stuck around in the car to see what the driver app was saying. I paid close to $900, driver took ~$250, the entire surge pricing difference went to Uber. I was thinking, that's an crazy markup over their AWS bill but really it's just a robbery.
Greyhound nyc to dc is like $20 and has a dozen buses a day. Plus you have Amtrak. Why take an Uber?
Re: Uber CEO Stunned When He Heard Cost of 3-Mile Uber Ride
#15Last year, I traveled from DC to NY overnight, and it was 2.5x surge pricing. When i got to my destination, I stuck around in the car to see what the driver app was saying. I paid close to $900, driver took ~$250, the entire surge pricing difference went to Uber. I was thinking, that's an crazy markup over their AWS bill but really it's just a robbery.
No amount of the surge pricing should go to Uber. They're already earning more due to the increased number of rides. It's almost akin to taking the tips.
Re: Uber CEO Stunned When He Heard Cost of 3-Mile Uber Ride
#16Last year, I traveled from DC to NY overnight, and it was 2.5x surge pricing. When i got to my destination, I stuck around in the car to see what the driver app was saying. I paid close to $900, driver took ~$250, the entire surge pricing difference went to Uber. I was thinking, that's an crazy markup over their AWS bill but really it's just a robbery.
Greyhound nyc to dc is like $20 and has a dozen buses a day. Plus you have Amtrak. Why take an Uber?
I would also like to know this. Even a flight would have been cheaper!
Re: Uber CEO Stunned When He Heard Cost of 3-Mile Uber Ride
#17Re: Uber CEO Stunned When He Heard Cost of 3-Mile Uber Ride
#18Could someone be the CEO of McDonalds thinking a Big Mac meal in the US costs $3? Big “It’s one banana, Michael, how much could it cost? $10?” Vibes. https://youtu.be/Nl_Qyk9DSUw
That joke would stop working in a few years when a banana would actually start costing 10$.
Re: Uber CEO Stunned When He Heard Cost of 3-Mile Uber Ride
#19Last year, I traveled from DC to NY overnight, and it was 2.5x surge pricing. When i got to my destination, I stuck around in the car to see what the driver app was saying. I paid close to $900, driver took ~$250, the entire surge pricing difference went to Uber. I was thinking, that's an crazy markup over their AWS bill but really it's just a robbery.
With this one comment, and about $50 million in advertising and $50 million in development, you can erase Uber. (the 50MM in advertising is the budget to make ads that convince Uber drivers to get paid the $900 instead of the $250) And the $50 is the app dev budget.
Re: Uber CEO Stunned When He Heard Cost of 3-Mile Uber Ride
#20I get that people don't like it when the price of things go up.
But surely people can see that the Uber pricing was unsustainable? The VC money was subsidising our transport (yay) but clearly that couldn't last.
So, as prictable to everyone , prices go up, drivers get less, and Uber are hoping riders will have grown so used to the convenience so as not to care.
Expect a flood of stories along these lines in the coming year.