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
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Patrick | Megapot pfp
Patrick | Megapot
@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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EmpiricalLagrange - tevm/acc pfp
EmpiricalLagrange - tevm/acc
@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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Apex777 pfp
Apex777
@apex777.eth
Uber
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Mikado pfp
Mikado
@mikadoe.eth
75% is brutal! It's 20% where I live
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✿ Gil Alter ✿ pfp
✿ Gil Alter ✿
@gilalter.eth
75% 🫠 Outrageous. What are Uber’s profit margins like?
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Kuro pfp
Kuro
@gardensofgrief
But then it would seem plausible to earn a living wage. Certainly cannot have that. Companies would never be that fair.
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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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Dreamin pfp
Dreamin
@mkdir
When you have access to the end user, you can pressure the service provider as you please, this is the harsh reality of capitalism
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simo pfp
simo
@cameinafluffer.eth
Source: the driver soliciting tips
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Vanessa Williams pfp
Vanessa Williams
@fridgebuzz.eth
I despise Uber for this and similar reasons. If I need a ride I call a cab. In fact, the largest cab company here has an app, so it’s as easy as Uber. Select pickup and destination, pay with Apple Pay, watch the little car icon until it gets to your door. Cab drivers here are also very interesting people to talk to. Most have lived in 3 or more major cities around the world. I don’t think the economics of driving a cab are great, TBH, but it’s got to be better than Uber.
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