If your friend cleared $300/day, that's roughly $75k/yr. Work 5 days a week, 50 weeks (weekends off, 2 wk vacation). I don't think they are making that much.
There is a former cabbie here on FR - interested in his opinion on this.
Ping
I think this is true for all Uber drivers, if they account for their explicit costs (gasoline, maintenance) and hidden costs (depreciation on the vehicle).
The "black car" drivers get a much higher rate, but unless they get regular bookings, it doesn't help. And, it may also depend on the area, and the policies.
For instance, I live on the fringe of a large metro area. Uber only matches a customer with drivers within about 10 minutes away, and regular Uber drivers are rarely within that distance. But, Uber will instead offer "black car" service that is 15-20 minutes away. The price is about double the "select" rate, and about 3 times the "regular" rate, so we don't use it. However, the "black car" driver also has to drive further to pick up a paying passenger and eat that cost.
If your friend cleared $300/day, that's roughly $75k/yr. Work 5 days a week, 50 weeks (weekends off, 2 wk vacation). I don't think they are making that much.
He doesn't make $300 every day. But even if he did, that's $75K gross. It doesn't account for his cost of maintenance and depreciation.