Varun Srinivasan pfp
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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Erik pfp
Erik
@eriks
i know it’s an old idea but hoping p2p sharing networks can actually take off using farcaster identity for social proof uber, couch surfing, local buy/sell marketplaces, etc
5 replies
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Stuart pfp
Stuart
@olystuart
Turns out tech bros "reinventing" things by lowering the wages of the workers involved is actually not real progress 🤷‍♂️
1 reply
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Patrick pfp
Patrick
@pl
Chiming in as someone who worked on this at Lyft until 2022 Take rate is actually low, like 10%. That’s why Uber/Lyft aren’t profitable This is take rate over all driver expenses though. Per ride, it’s highly variable That’s because most of your fare goes towards incentives to get drivers on the app, on the road, and at the right time and place Eg. A $15 bonus to do 3 rides in the evening downtown, or a $1000 bonus for new drivers to sign up and do 100 rides, a $5 bonus for driving to an area we expect will have lots of riders soon, etc. such that when you call a ride, there’s a driver nearby Still, 25% of your fare is quite low, we had limits on this at Lyft
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EulerLagrange.eth pfp
EulerLagrange.eth
@eulerlagrange.eth
We’re working with teleport to vampire Uber. We let driver export trust and reputation. They also use the pricing from the Uber api so they don’t have to build their own. Working with @nosh (10m rev) but for DoorDash
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kia pfp
kia
@kia
it started off as 25-30% range the irony is that they squeeze the driver and the revenue is spent on the R&D of the automated fleet.
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Serj Korj pfp
Serj Korj
@serjkorj
it seems like @teleport solves this problem with their trip protocol
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Alex Loukissas 🍉 pfp
Alex Loukissas 🍉
@futureartist
Having talked to a few drivers, this is exactly why they'll cancel on you when you get a pickup from LAX and you go to the west side (~$20 ride). The take-home math is really clear to them.
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Tayyab - d/acc pfp
Tayyab - d/acc
@tayyab
Wait, seriously? That’s robbery. I always thought it was closer to 30%?
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Brais.eth pfp
Brais.eth
@chi
Probably you know this, but your comment reminds me RideX, one of the early IRL blockchain examples, back when the only thing that mattered was decentralization. The Problem-->Solution epoch. https://github.com/priyamshah112/RideX
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Max Jackson pfp
Max Jackson
@mxjxn.eth
This is why i never ever use Uber. Havent for about 7 years. If i need a ride and I cant drive, bike or take public transit, I call a taxi.
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Manan pfp
Manan
@manan
Possibly driver incentives skewing the per-trip take rate? Do X trips, Get $Y
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llamafacts pfp
llamafacts
@llamafacts.eth
Uber's $15 minus taxes, expenses, etc I'd say Uber's net profit for that ride would be around $9? So $9-$5 still a bit high but not as bad I guess
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Mikado pfp
Mikado
@mikadoe.eth
75% is brutal! It's 20% where I live
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Pierre Pauze 🔵 🚽 pfp
Pierre Pauze 🔵 🚽
@pierrepauze
Wich town?
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Kieran Daniels 🎩 pfp
Kieran Daniels 🎩
@kdaniels.eth
It used to be majorly venture subsidized and now not so much haha
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✿ Gil Alter ✿ pfp
✿ Gil Alter ✿
@gilalter.eth
75% 🫠 Outrageous. What are Uber’s profit margins like?
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RadioChronicleLawV2 pfp
RadioChronicleLawV2
@radiochroniclela
Unfair distribution of earnings between driver and Uber.
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Kevin Curry pfp
Kevin Curry
@k3vinz
They probably take more than that. I was getting charged 90 bucks from pasadeana texas to texas city and back. But the driver said he would do it for me next time for 30 bucks
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Alex 🏴‍☠️🐺 pfp
Alex 🏴‍☠️🐺
@fritzorama.eth
That's freaking disgusting. I honestly hate these gigified jobs: Glovo, Just Eat, Uber Eats. Their "workers" are left scrambling over jobs like a pack of dogs after a fallen scrap. Many of these companies don't fully insure or employ their staff, so they have to become self-employed to cover their operational costs and are left with very little. They sell the idea as a side hustle for students, but this is hardly the case, and it's mainly people in hard-up, desperate conditions doing these lackey-type jobs.
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