Back
Pulakit Bararia
Building Snippetz la...ย โขย 2m
Uberโs been struggling financially, and theyโre not even trying to hide it anymore. Their latest moveโditching the commission model for a fixed fee and example of that Uberโs financials havenโt exactly been good at all . In Q4 2023, they reported $1.4 billion in net losses, and while revenue grew, profitability has been a constant battle. Uber has switched to charging drivers a fixed fee ,rather than taking commission Uber is using this way to contact relying on commissions that fluctuate. This change also conveniently shifts more risk onto drivers while Uber secures a steadier income stream. But hereโs where it gets even messier: theyโve also tweaked their policies to make fare disputes entirely the riderโs problem. So if u are in a fare dispute with the auto driver , Uber Ain't responsible for that Angry riders + unhappy drivers = a golden opportunity for competitors. People are switching to competitors like Rapido , namma yatri , stealing ubers market share.
Replies (1)
More like this
Recommendations from Medial
Download the medial app to read full posts, comements and news.