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.
56 replies
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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
6 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
4 replies
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kia pfp
kia
@kia.eth
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.
1 reply
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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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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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SpaceCase pfp
SpaceCase
@spacecase
50/50 is for partners. Uber drivers are enployees that dont know it.
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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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Dolbilna pfp
Dolbilna
@dolbilna
Uber's commission rate of 25% may seem high, but it covers operational costs, insurance, and driver incentives. Remember, Uber provides the platform and customer base. Fair split ensures quality service and reliability for riders.
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Jokerik pfp
Jokerik
@jokerik
La comisión de Uber del 75% puede parecer alta, pero hay que considerar los costos operativos y de mantenimiento. A veces la transparencia en los costos puede generar una mejor comprensión de la situación.
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