Taxi Driver Online

UK cab trade debate and advice
It is currently Wed Oct 21, 2020 9:21 am

All times are UTC [ DST ]




Post new topic Reply to topic  [ 175 posts ]  Go to page Previous  1 ... 8, 9, 10, 11, 12
Author Message
PostPosted: Sat Jul 11, 2020 6:17 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 46341
Location: 1066 Country
Uber Is Running Out of Ideas on How to Save Its Own Arse

Even for regular schmucks with no background in economics or labour law, one of the glaring problems with Uber’s claim that its drivers are independent contractors rather than employees is that Uber sets the price of rides. Without the ability to set their own rates, or a contract drivers have any power to negotiate the terms of, the whole argument sort of falls apart, doesn’t it?

But, bless its heart, that doesn’t stop Uber from trying. Now, as part of its long-running scheme of evading pesky expenses like minimum wage, Uber is running an experiment on every driver in the US state it’s most likely to be regulated in: California.

As NBC reported Friday, Uber is expanding a limited pilot programme it rolled out in January that allow drivers to set their own rates* to every driver in the state. Again, the entire purpose of the experiment is to dodge a state Supreme Court ruling, a state law, and several lawsuits all of which unequivocally seek to reclassify Uber drivers as employees. (*some restrictions apply)

At least in the way it was implemented in the pilot, this new rate option didn’t actually give drivers the freedom to charge anything they wanted. Instead, they could increase or decrease Uber’s estimated fare in 10% increments, with a 5x ceiling and a 1/10th floor. “So maybe people will pay more for drivers with a better rating,” you might smartly surmise. Sorry, meritocracy is a lie, and the system instead matched riders with whoever was willing to drive for the least amount of money. Unsurprisingly, this sort of scheme seems poised to create a toxic race to the bottom. (That is, if the parameters of the rollout are identical. Uber has not responded to a request for information on this subject.)

Is it possible Uber learned something valuable about this pricing system between January and now? If it has, it certainly hasn’t been willing to share that information. Personally, I doubt any useful data exists at all, as the pilot programme only applied to trips from three airports in California; about two weeks after it was announced, the U.S. started putting coronavirus-related travel restrictions in place.

A larger cell doesn’t make one less of a prisoner, and the freedom to earn less money isn’t freedom at all. This bit of pageantry is not likely to pull the wool over judges’ eyes and, at this point, is just heaping more financial precariousness onto an already perilous class of workers struggling through a historically bad economic crash.

I know that times are hard right now. No one wants to be without an income. But I have to wonder how the rank-and-file Uber workers can continue to silently carry out the hideous machinations of their C-suite bosses knowing those same things are being intentionally and systematically denied to the people who make their incomes possible.

Yes, I do actually want to know. If you work for Uber, email me.

bryan.menegus@gizmodo.com

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Sat Jul 11, 2020 6:19 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 46341
Location: 1066 Country
Quote:
At least in the way it was implemented in the pilot, this new rate option didn’t actually give drivers the freedom to charge anything they wanted. Instead, they could increase or decrease Uber’s estimated fare in 10% increments, with a 5x ceiling and a 1/10th floor. “So maybe people will pay more for drivers with a better rating,” you might smartly surmise. Sorry, meritocracy is a lie, and the system instead matched riders with whoever was willing to drive for the least amount of money. Unsurprisingly, this sort of scheme seems poised to create a toxic race to the bottom.

So Uber, in a last minute desperate attempt to get around Californian law, allow some drivers to set their rates. However all that happens is that drivers undercut each other. #-o

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Sat Jul 11, 2020 9:48 pm 
Offline

Joined: Tue Apr 03, 2007 11:27 pm
Posts: 18379
I wonder how UBER will get around the IR35 legislation when the tax man starts to come after them next April?

_________________
Grandad,
old fart with no heart


Top
 Profile  
 
PostPosted: Sun Jul 12, 2020 4:42 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 46341
Location: 1066 Country
grandad wrote:
I wonder how UBER will get around the IR35 legislation when the tax man starts to come after them next April?

They will try and keep that news away from the financial press by feeding them another load of old fanny about driver-less cars and how that's going to save Uber and make their shareholders super rich. :---)

Or maybe carry on their current ruse of saying how successful their food delivery services are, and will continue to be despite them never having made a penny profit.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Fri Jul 31, 2020 7:06 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 46341
Location: 1066 Country
Just gone below $30 at $29.98 a share.

Be interesting to see their quarterly numbers next week.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Fri Aug 07, 2020 5:57 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 46341
Location: 1066 Country
Currently trading at $32.72 which is about 5% down on the day.

But still down about 30% since IPO.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Sat Aug 08, 2020 8:17 am 
Offline
User avatar

Joined: Sat Apr 01, 2006 11:47 pm
Posts: 14670
Location: Stamford Britains prettiest town till SKDC ruined it
Sussex wrote:
Currently trading at $32.72 which is about 5% down on the day.

But still down about 30% since IPO.



but not collapsing AND with the purchase of autocab have guaranteed the UK market is theirs for the taking so shareholders will like that

_________________
Taxis Are Public Transport too

Join the campaign to get April fools jokes banned for 364 days a year !


Top
 Profile  
 
PostPosted: Sat Aug 08, 2020 3:59 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 46341
Location: 1066 Country
edders23 wrote:
but not collapsing AND with the purchase of autocab have guaranteed the UK market is theirs for the taking so shareholders will like that

I'm not that sure Uber's shareholders care that much about the UK, apart from maybe London.

If Uber are to succeed it will be in the US, and if Uber eventually fail it will be down to the US.

_________________
IDFIMH


Top
 Profile  
 
PostPosted: Sun Aug 09, 2020 6:07 pm 
Offline
User avatar

Joined: Sat Apr 01, 2006 11:47 pm
Posts: 14670
Location: Stamford Britains prettiest town till SKDC ruined it
this got emailed to me so thought it might as well go on here

Quote:
Uber Reports Q2 2020 Earnings
• Last night Uber reported its quarterly results for Q2 2020 with much of the focus on the impact the Covid-19 pandemic has had on the business so far.
• These are the most important numbers from the report compared to what the market was expecting for the quarter.

- Gross bookings: $10.2 bn versus $10.4 bn expected.
- Rides gross bookings: $3.05 bn versus $3.96 bn expected.
- Eats gross bookings: $6.96 versus $6.23 bn expected.
- Losses per share: $1.02 versus $0.84 expected.

• Uber’s quarter was a tale of two businesses. The ride-sharing side saw an incredible collapse of 73% compared to Q2 2019 results, as the full shock of the pandemic became clear for the company.
• But the delivery Eats service was up a massive 113%.
• For the quarter the company lost $1.8bn.
• Shares of Uber were down circa 3% following its earnings report

_________________
Taxis Are Public Transport too

Join the campaign to get April fools jokes banned for 364 days a year !


Top
 Profile  
 
PostPosted: Sat Sep 26, 2020 7:05 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 46341
Location: 1066 Country
Currently $34.46.

Been floating around there for a while despite clueless analysts suggesting $45 + for the end of the year. #-o

_________________
IDFIMH


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 175 posts ]  Go to page Previous  1 ... 8, 9, 10, 11, 12

All times are UTC [ DST ]


Who is online

Users browsing this forum: bloodnock and 51 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Jump to:  
Powered by phpBB® Forum Software © phpBB Group