I, too, dream of the land of make believe, where a company losing $2B annually in a cutthroat business doubles its drivers' wages and becomes profitable. https://www.nytimes.com/2019/05/01/opinion/uber-ipo.html …pic.twitter.com/LcIJ4IAtC8
Also shows a certain naivete about the forces at work (cough mafia cough) in cities' decisions about taxis.
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Am I wrong, or did
@fmanjoo used to be sort of smart before he lately has gone completely off the rails?Thanks. Twitter will use this to make your timeline better. UndoUndo
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Is this really the best they can do though? Do you honestly believe their founder deserves to walk with $8.6 billion dollars?
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In NYC 96% of drivers were being paid less than min wage. That is ridiculous and speaks to a badly mismanaged business in my opinion. That doesn’t seem like a sustainable way to run a company.https://twitter.com/nyctaxi/status/1106247457699229698?s=21 …
End of conversation
New conversation -
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Yeah, the thing about regulation is that it only works when everyone follows. If one competitor is allowed to skirt it gives them a huge advantage in the market. That sadly has become the norm.
End of conversation
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Uber, Lyft are correct to battle both taxi mafia and political mafia but now in the Bay Area, they have become the new mafia for exploiting drivers. They take increasing amount of “juice” from drivers income with no choice and can threaten to end their income any moment.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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