well not the self drive stuff. but my brother laid off — now drives for uber. i use them for various transports. the most is when i leave my truck in the burbs to get worked on and get a drive home for 25 bucks. cab would be 50-75. i think bro was flashing $200 plus for a day and he leases the car from uber. and he does work at it. my drives have always been super.
But if your ride home is long enough that it costs 50 bucks in a cab, then how can ride-hailing drivers make any money by only charging 25 bucks? I’m wondering if these companies are relying to some extent on faulty cost accounting by vehicle owners, who may not be adding in the entire cost of ownership including depreciation, maintenance, and insurance costs. I haven’t looked at this in any detail but I’m wondering how these companies can beat cab prices by such a large amount.
what happens when Über investors stop subsidizing each ride by about 50% ?