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DA Davidson & Co Senior Research Analyst Tom White joins Caroline Hyde and Ed Ludlow to discuss Uber’s fourth quarter earnings beating estimates, how the ride-hailing company was able to buck the trend, and what to expect from Lyft’s upcoming earnings. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full…
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Menlo’s Matt Murphy on Anthropic’s real edge (hint: it’s not the model)
Unboxing the $1,900 Samsung Galaxy Z Fold 8 in Lavender
Unboxing Samsung’s $2,100 Galaxy Z Fold 8 Ultra in Violet Shadow
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Rideshare Otter
February 9, 2023 at 1:12 am
Uber changed their pay to the drivers. Instead of a calculable formula like Miles+minutes they new AI “learning” algorithm does some secret “voodoo” economic calculations’ and then offers the drivers an upfront price. 80% of the drivers don’t know their cost to drive so they take every ride offered which leads them to take value out of their privately owned vehicle… Normally these low information drivers that take every ride that the algorithm feeds them only drive rideshare for about 3 to 6 months before they lead the hard way they are losing money. #knowyourworth
Rideshare Otter
February 9, 2023 at 1:22 am
As for Lyft … I drove exclusively for Lyft for years because they were better for drivers. HOWEVER! now they are charging passangers insane prices and still giving the drivers they same pay they did back when I started in 2016 … oh way … they started the upfront pay for drivers also … which is a camouflaged pay cut … LYFT is NOT worth bothering with. Hard PASS!