Why would some people work for free so that drivers can earn more or riders could pay less?
Uber racked up a $20 billion cumulative deficit by subsidizing both drivers and riders.
Even if you cloned the Uber app and had people volunteer to do customer support, you'd still wind up with a service where riders pay more, or drivers earn less, or both.
That works for BlaBlaCar [0] that's true carpooling, without drivers trying to make a living on the platform. Riders pay less and drivers get paid less.
But if Uber is losing $4 billion a year at the current prices, it's hard to see how there would be a sustainable market where drivers make more and riders pay less.
Why would some people work for free so that drivers can earn more or riders could pay less?
Uber racked up a $20 billion cumulative deficit by subsidizing both drivers and riders.
Even if you cloned the Uber app and had people volunteer to do customer support, you'd still wind up with a service where riders pay more, or drivers earn less, or both.
That works for BlaBlaCar [0] that's true carpooling, without drivers trying to make a living on the platform. Riders pay less and drivers get paid less.
But if Uber is losing $4 billion a year at the current prices, it's hard to see how there would be a sustainable market where drivers make more and riders pay less.
[0] https://en.wikipedia.org/wiki/BlaBlaCar