Varun Srinivasan
@v
Took a 20 minute Uber today, cost me $19.89. Driver took home a little over $5. Uber's take is 75% - that seems surprisingly high. I would have expected a split closer to 50-50.
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Varun Srinivasan
@v
If they're just extorting workers, it would be easy for someone to start another company that just paid the drivers more. Then Uber wouldn't have any drivers left. It must be actually hard to build a business that pays drivers a lot more without losing money.
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bashobits š āØšµšØš«
@bashobits
Big tech extorting workers through dominant network effects is a thing, and very hard for small startups to do anything about it
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