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Can UBER afford lower prices than now?

Discussion in 'New Jersey' started by MoneyUber4, Sep 13, 2015.

  1. MoneyUber4

    MoneyUber4

    Location:
    Jersey City, NJ
    Driving:
    UberX
    Yes, UBER can afford lower prices.

    UBER does NOT spend any gas, car payments, time or others.
     
  2. atthehop

    atthehop

    Location:
    NJ
    Yes, they skim off the top and by making prices lower they get more pax to use it and they make even more although the drivers make less UBER is not the one taking the cut in revenue.
     
  3. Tony from New Jersey

    Tony from New Jersey

    Location:
    new jersey
    Driving:
    UberX
    Uber can lower prices as it did in other states, as long as newbees keep signing up with Uber. They realize the real cost after few months. By that time several other batches are ready to go on the road, and the cycle goes on.
    It has been happening for last two years. Me included, I starred when price in nj was $ 2.15 per mile, now it is 1.10, I do not drive at this rate but a lot of other drivers do. Commission stayed the same so uber is making same money or a lot more if Joe drive or tony.
     
    Lepke likes this.
  4. UBERBUS_LA

    UBERBUS_LA

    Location:
    Los Angeles, CA
    Driving:
    UberX
    Yes, these jerks can go to any extent. Uber is the perfect example of American greed. I was reading about the interview of one of its biggest investors who say Uber would cut rates because he could. But it was not confirmed by Uber. It was like couple of months ago when Uber and Carnegie Mellon University announced a strategic partnership for creating driver-less car. Uber is planning to invest heavily.
     
  5. truth be told, revenue from fares is the last thing on uber's demented mind. it's the idea of every last mother****er on the planet having the uber app on their phone. uber's after data, and data is way more lucrative for uber in the long-run. uber can track the movement of the herd, and that lil bit o' info is worth paying for....for many corporations looking to better target their advertising. this data is also valuable to intelligence agencies for obvious reasons.
     
    MoneyUber4 likes this.
  6. UBERBUS_LA

    UBERBUS_LA

    Location:
    Los Angeles, CA
    Driving:
    UberX
    It is vicious cycles.:mad::(
     
  7. XUBERX

    XUBERX

    Location:
    NEW JERSEY
    Driving:
    UberX
    In some markets if you sign up after September 8th then uber will be taking 25%, this may also come to nj soon.
     
  8. sadly, they'll still sign up.
     
  9. Dr_Son

    Dr_Son

    Location:
    Freehold/Paramus
    Driving:
    UberX
    Source of this information?
     
  10. Backdash

    Backdash

    Location:
    what
  11. MoneyUber4

    MoneyUber4

    Location:
    Jersey City, NJ
    Driving:
    UberX
    Lepke likes this.
  12. Jvc21

    Jvc21

    Location:
    Minnesota
    The irony in all of this is that Uber's driver turnover is ridiculously huge, but its ratio is negligible. With more and more part-time drivers signing up every week, there's no need to increase fares or decrease commission.
     
  13. In a 0.75 a mile market , the driver is getting just under standard expense per mile. I'm assuming the per minute rate comes to under minimum wage too. I can't fathom how uber can get away with this as they're not fully disclosing the information with their false advertising. I talked to a few uber drivers in Atlanta last weekend and they had no clue. At least they accepted my cash tips
     
    Lepke likes this.
  14. Tony from New Jersey

    Tony from New Jersey

    Location:
    new jersey
    Driving:
    UberX
    Uber is taking advantage of people with difficulty, such as lost the job or between jobs. All passanger:customer understand that and willing to pay fair share. Uber in the other hand trying to pay less and less to increase its market share and kill all taxi and lemo companies at the cost Os driver expense.
     
    Lepke likes this.

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