Vox has a fascinating piece that discusses how Uber drivers should get more of Uber's profits, without ever mentioning that Uber's bottomline is 1Bn in the red, and ride share demand (= ~number of jobs) is almost entirely dependent on customer price.https://www.vox.com/policy-and-politics/2019/5/30/18642535/california-ab5-misclassify-employees-contractors …
They are effectively using the money of shareholders for subsidizing personal transportation and low income jobs. It works because of ten years of negative interest rates: shareholders have more capital than they know how to invest gainfully.
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are they? You don’t think it is possible to run the app Infrastruktur from the delta between what the driver gets and what the passenger pays? At the amount of rides they are processing?
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