* VC dollars still subsidize Uber, but even as an operational whole to < 20% of the true cost of rides. On the other hand, the equivalent taxi would cost at least $12-15.
* VC dollars still subsidize Uber, but even as an operational whole to < 20% of the true cost of rides. On the other hand, the equivalent taxi would cost at least $12-15.
Sounds nice, but I never had a single Uber driver that was doing it as a "casual" thing, or just to cover his fuel expenses and make some money on the side. It's a fulltime job for the vast majority of Uber drivers.
>It's a fulltime job for the vast majority of Uber drivers.
This statement is unsupported and contrary to every driver I know. It also runs contrary to Uber's own advertising.
NYC, Bay Area: full-timers. Mid-west, PNW: "casual" part-timers
You misspelled taxi markets.
> with a guy returning home from work looking to make a few extra bucks,
I don't know the local regulations, however isn't it still allowed to drive them at cost? Allowing the guy returning from work to cover the fuel cost by driving others? Sure its not the latest illegal getting rich quick scheme.