Yesterday was a good day. Are you driving on both platforms? Sac city college was a shit storm about 9pm last night. Los Rios pd screwed up everything.
On that note I drove a lot of under age riders home(holy bowl). I thought they were not allowed to use the platform unless they had their parents set up a new 180 days of change account. Maybe I have been cleared as a driver for the kids? Anyhow it is not my job to screen passengers for age. That is on Uber and Lyft imo.
It will take time but uber has to raise rates to become more profitable. They will need to do more than that to become profitable because investors want a big return on their investment. Breaking even just wont do, in time it will happen just right now its hard to see because of the rate cuts over the years to gain an even greater market share. Their business plan is unsustainable at this time because drivers pay is being subsidized by investors money. Once the money runs out they will have to raise rates by a significant margin, theres alot of room for rate increases and uber said they know that they have alot of wiggle room to play with. Despite who maybe right or wrong on this issue, uber will have to figure out a way to be profitable by a large margin to investors, because they are keeping this company upright like a boat on water.I respectfully disagree. You will not see Uber rates increase for drivers by any meaningful amount. With up front pricing Uber has given themselves a fat raise while keeping drivers pay the same. Here in Las Vegas surge has also all but gone away. At least for drivers. However Uber still charges premium rates at high demand times, they just keep the icing to themselves.
Uber has alot of wiggle room to raise rates incrementally, that sounds like we're on the way up since we couldn't get any lower hahaPer mile rate (before Ubers cut) went up to .92 from .86 last Thursday.. 6 cents!
Uberselect went up a whole 6 cents too lol they are literally raising rates by the penniesPer mile rate (before Ubers cut) went up to .92 from .86 last Thursday.. 6 cents!
It's inevitable that gas prices will rise and gas prices will fall it's cyclical. As for the licensing fees well I guess we'll just have to wait and see, prices will have to rise regardless to be profitable to investorsThose incremental increases might have something to do with the upcoming gas tax and vehicle licensing fee increase. Wait and see the shit storm when gas goes back towards $4.00 a gallon.