A 23-year-old university dropout just launched a cheaper rival to Uber in London

Uberdancer

Well-Known Member
...
Villig told Business Insider that Taxify has two advantages. Firstly, it hasn't raised billions in outside investment and therefore has comparatively little pressure to turn a profit and repay its investors, except for Didi Chuxing.

Secondly, Taxify's pledge to drivers is lower commission fees and better treatment. Specifically, the company plans to take a 10—15% cut from the fare. Uber takes 20—25% commission on fares, something which led around 300 drivers to protest the firm in London in 2015.
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http://www.businessinsider.com/taxify-just-launched-in-london-and-is-cheaper-than-uber-2017-9
 

Fred Ex

Well-Known Member
Would someone at BusinessInsider please catch up, Uber hasn't been taking 20-25% commission for a long time now, and even then it was more like 30-43% 'cos the Rider fee is part of the gross fare no matter what lie Uber tell. Now it's whatever they can get away with, usually at least 50-60% of the gross.
 

Uberdancer

Well-Known Member
Judge Greenlights $32.5M Settlement Over Uber 'Safe Rides' Fee

SAN FRANCISCO — A federal judge has signed off on a $32.5 million settlement to resolve a class action lawsuit against Uber Technologies Inc. alleging that it wrongly charged riders extra fees based on bogus claims about its safety practices.

U.S. District Judge Jon Tigar of the Northern District of California wrote in a 15-page order that the deal fixed "deficiencies" he identified in rejecting an earlier $28.5 million settlement of the case, including by ensuring that only riders who paid Uber's "Safe Rides Fee" will benefit from it. The earlier settlement would have paid all Uber riders during a set time period.

The original deal would also have paid all riders equally, regardless of how many times they paid the $1 to $2 dollar fee that Uber charged on premium ride services such as UberX. "The amended settlement corrects this deficiency by compensating each class member with $0.25 for the first Safe Rides Fee he or she paid, and $0.05 for each subsequent fee," Tigar wrote.

On average, the almost 25 million class members will receive $1.07 each from the deal, according to the filing by the attorneys for the plaintiffs. The class includes riders who paid the Safe Rides Fee in the United States or its territories between Jan. 1, 2013, and Jan. 1, 2016.


http://www.therecorder.com/id=12027...r-Uber-Safe-Rides-Fee?slreturn=20170805193045
 

ABC123DEF

Well-Known Member
How are these clowns going to have ANY money to run a business if they keep paying these nickel and dime payouts to a bajillion people for every lawsuit they have against them? No wonder TK was forced out. He doesn't know how to run a business like a grownup.
 

IndyCon

Well-Known Member
So they take less of a percentage of lesser fares. Great. The race to the bottom has a new entry.
 
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