What is business model of UBER ride-hailing co. ?

[SeaJay]

The business model where there are a ton of part time drivers ready to jump to action to pick up a hail for a few dollars of much needed extra cash is a good one. Riders are able to get a ride anywhere and anytime that way. Their business model is not meant to support a fleet of full time drivers, as there is not sufficient fares out there to keep full time drivers busy. They need cars everywhere, which means part timers on call for the next hail that is close by.

 

[CKN]

Originally Posted By: PandaBear

Originally Posted By: CKN

Originally Posted By: Mr Nice

Some drivers protesting in front of San Francisco Uber office. If the pay is [censored] why drive for Uber ? Better just to work fast food.

Driving for Uber you really have to look at wear and tear/maintenance on the vehicle you are driving. Your going to make $30,000-$40,000/yr (if you work pretty much full time) and wear out your car. Is it worth it?

Depends on what your alternative is. I don't know anyone making 60k/yr or more on a San Francisco salary (60k is borderline poverty here) would drive them full time. The one that got the hardest hit is the medallion owners, as their market value would collapse into nothing almost immediately. Uber is cheaper and their drivers get more ride on a regular basis, despite only taking in 1/2 the fare they do not have to lease or acquire a medallion, so in the end the taxi vehicle and medallion lease has to drop to compete.

You can't live on 60grand a year in San Francisco. You would need a salary of $200,000.00 even to think about buying a house close by or in the city.

 

[4D-56]

Its simple. Its not about being a "communist" or any other limiting label. Its about the fact that more and more and more people are waking to the truth that capitalism is unstable and isnt working. The growth of worker cooperatives will continue so that there will something that we barely have now; democracy in the workplace.

 

[Garak]

Uber isn't even nominally a worker cooperative, though.

 

[4D-56]

Originally Posted By: Garak

Uber isn't even nominally a worker cooperative, though.

Im not saying that it is. Its quite the opposite.

 

[PandaBear]

Uber exist because the medallion is too darn expensive, and driving around looking for a passenger or calling a dispatcher and have the meter starts before it reaches you is expensive. The current taxi system is broken, because a 30 mins ride to an airport is more expensive via taxi than a limo. Airport shuttle cost about the same as Uber and Lyft but they are not point to point and you pay per person instead of per ride (expensive for a family trip). Lower the medallion cost and the fare rate, build a taxi app that's as easy to use as Uber / Lyft, and Uber / Lyft will be out of businesses.

 

[Garak]

Originally Posted By: stro_cruiser

Im not saying that it is. Its quite the opposite.

Ahh, okay, I understand now. They actually did do a cooperative taxi company here. It did fine, no better or worse than the competition.

 

[firemachine69]

Originally Posted By: stro_cruiser

Its simple. Its not about being a "communist" or any other limiting label. Its about the fact that more and more and more people are waking to the truth that capitalism is unstable and isnt working. The growth of worker cooperatives will continue so that there will something that we barely have now; democracy in the workplace.

Uber solely exists because of the printing of fiat currency and a devotion to skipping any sense of regulations.