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It's all part of the plan of the Wall Street - rich people. Confuse the less educated and use them to their advantage. This has happened over and over again in history, and this is no exception.
The pay has no transparency, and to make matters worse, our tax system doesn't make the calculation any easier.
Of course, next up is the consumers - people who are taking and riding Ubers. They will also feel the pain. The quality of the service goes down, the price goes up, and all the money gets funneled to the riches.
This will continue until the people rise up, government slowly puts measures in place to protect the people. Then the riches go on to something else where they can do the same.
Repeat and rinse.
Yeah, this author has no idea what modern "gig economy" is all about. It isn't the same thing "women" have been doing all these years.
For example, the current gig economy is
It isn't the same as BABY SITTING, STUFFING ENVELOPES, CLEANING HOUSES
The video is actually worth a look. Asks some good questions about how they are not profitable and there are no guarantee. Also how Uber 3x as big will also flood the market very soon.
Volatility is high.
Recode is in bed with all the investors, so they are pitching to people to buy stuff. It's actually fake news.
Here's what I found on Recode that links to the same article. It's an age-old tactic to get the hype up for an IPO, so suckers would jump in
Lyft’s IPO is the beginning of a new era. As Teddy Schleifer writes, the ride-share company’s public debut will “mark a moment in the broadening of the modern relationship between Silicon Valley and the American economy.” That’s because Lyft, along with other major tech startups like Slack and Uber, are set to go public this year. Well-connected tech investors have been betting on some of these companies’ future for over a decade, but now everyday people will be able to as well.
Uber and Lyft are dominant here. Lots of private drivers and smaller challenger rideshares
Here’s one from last fall FlexLA
Right, it's all about whether you actually want to invest in them or not.
Will Lyft and Uber be able to beat the rest of the market? Are they the fast growing tech companies that will see double digit gains? who knows?
If you ask me, probably not. When buying stock, always think the growth potential.
If you are speaking of the O'Connor v. Uber case, the judges have ruled in favor of Uber, where drivers were deemed as contractors rather than employees.
Remember that these decisions are a state-level discussion so how these decisions affect will depend on where you reside. Also, it's worth noting that there will always be appeals and different cases around this topic, so it will be very fluid for a while.
I would be careful about jumping into these law firms' discussions. I don't think there are any harm in speaking to them, but make sure to do your own due diligence, especially if they are looking for a cut of the settlement. Often, you are entitled to a settlement directly from Uber.
There may be an overlap with this one. It's a good thread.
Must have something to do with how the IPO is expected to be a dud. It's shaping up that way, at least.
Uber's IPO may not be as eye-popping as we expected.
Uber’s IPO outlook takes a $50 billion hit
Did you know an airport makes $19 per passenger for its usage? Yep. $19 out of your fare goes to them.
Airports do make a lot of money off airport usage fees. Providence Airport tried to charged Uber $6.00 earlier this year.
This is according to Uber, so let's take it with a grain of salt.
If anything, it does show their commitment in making this successful.
I dunno. I feel like they are known for what they are. Horrible male-dominated culture, drivers aren't happy, crushed the taxi competition by breaking the rules, heavily leveraged with investeor cash, having issues expanding outside of US as the global competition picks up, investing significantly on other technologies with no fruitful outcomes or future outlook, their business model is actually very easy to copy so they are completely overvaluated, and that's why much smaller Lyft can take them on and making headway, etc...
No, I bet the threshold is lower in new markets.
Uber won’t be quick to deactivate drivers in new and smaller cities where they are trying to establish presence and still ramping up on drivers.
They probably try to deactivate drivers in cities where the driver is saturated in fact. Don’t you think?
Miami Uber Driver Raped A Female Passenger, Told Cops It Was A 'Perk' Of The Job
Being gay isn't a protected class - at least in the eyes of the law.
I’m in La
I will admit that is pretty awesome. Most of my rideshare needs are around my house and I expect same drivers to be around. As long as there is a good number of drivers, I am all up for it.
I assume I can have a list of my favorite driver? I need an ability to make a list, because obviously not all drivers will be available all the time.
Uber for privacy reasons cannot track passenger's locations unless the app is open. (In other words, they cannot if the app is in the background.) So, perhaps it'd cause more confusion if we all became used to that or started to rely on it to do pickups.
Uber is able to drop the pin on the user's GPS location and communicate that to the driver. In fact, I think that's what they are doing, right? The rider lets the Uber app grab his or her location, and then the rquest is sent out. The problem is that that exact location is being geocoded to an address that driver's GPS can resolve and navigate to.
Due to the fact that the driver needs to be given an address for the sake of the navigation, at some point, the passenger location needs to be translated to an address. That's probably where the rub occurs.
I haven't driven recently in a long time, so I cannot rememeber what pin location the drivers see. Is it address or the user's original location? I am thinking it was the prior.
I did the same exact plan in LA in 2016 before I purchased a car for UberX. I assume what you are considering is similar. It was like $210 a week for rental but they waive that if you reach 75 trips within a week. I remember it including mileage, standard maintenance, liability coverge, etc.
My advice? I don't know the deal now in Seattle, but make sure to look at the fineprints. There are clauses like:
I am a rider. I try to tip 15 to 20%, like I used to with taxis.
I also try to keep in mind to tip more for shorter trips because drivers get screwed on those. I know that's a bit counterintuitive because we pay the most on those short trips due to the booking fee, but the majority of that goes to Uber.
If it's a real short trip, just walk. That's my opinion.
You can put the same mechanisms in place that prevents drivers from cheating. Jsut like driving a passenger.
From which point? Interesting question. I feel like Uber can build a logic around it. Like, the app would ask right after anothe fare, "Samantha is asking for her phone at location ABC. Would you like to drive there now?"
Then if you say, "no", it'll ask you later.
At which point you accept that, that's when the ride starts, and Samantha also gets a notification on her Uber app.
"When I talked to the drivers, they described how Uber kept fares in a perfectly engineered sweet spot: just high enough for them to justify driving, but just low enough that not much more than their gas and maintenance expenses were covered."
"...manipulate bonuses so that drivers could be “tricked” into working longer hours. Laughing, they compared the drivers to animals: “You need to dangle the carrot right in front of their face.”
Not that I have heard of. I think this business concept is still being proven out by businesses and enterpreneurs, and it will be a while before it gets rolled out to cities outside of the test markets. (e.g. San Francisco, Chicago, LA, Boston, etc.)
I feel as though there is definitely need and demand, but I feel there are lots of hurdles in making it successful.