So where are they? Wait, we’ll show them in a moment.
But first, two important pieces of information. First: the value of Uber (listed on the New York Stock Exchange) exceeded USD 120 billion in December 2023. Second: in 2023, for the first time in history, the company made a profit, and it has been operating for over 14 years.
And now two facts about exploitation, and planned one at that.
First.
An excerpt from Uber’s official documents prepared as part of the company’s public offering, published in 2019: While our goal is to ensure that you can maintain earnings comparable to those offered in retail, wholesale, restaurant services or other similar activities, we still meet with the dissatisfaction of a significant number of drivers with our platform. (…) However, as our goal is to reduce financial incentives for drivers to improve our financial performance, we expect driver dissatisfaction to increase overall.
Second.
Uber’s average (global) commission on each order in the fourth quarter of 2022 was 31.8%. In the third quarter of 2023 – 40%. At the same time, UBER’s press department published information that the commission was 15%.
source of calculations: forbes.com
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