Uber’s algorithmic pricing leaves drivers and passengers worse off
Uber’s algorithmic pricing leaves drivers and passengers worse off
A new study from researchers in the University of Oxford’s Department of Computer Science has found that Uber’s use of dynamic pricing has led to higher fares for passengers and lower earnings for drivers, whilst increasing Uber’s share of revenue.
Uber’s use of dynamic pricing has led to higher fares for passengers and lower earnings for drivers, whilst increasing Uber’s share of revenue.
i live in a really great location for getting onto a bunch of different highways. because of this, ubers circle the area because they are closer to more things. it shows you the ubers in the area, and I will see like 8 or 9 going in circles, waiting. so i select the "wait and save" option on the app, because it's 3 dollars less and figure the wait won't be long because demand is low and there are plenty of drivers. nope. it literally just enabled a timer that didn't put my order through until it was over. it wasn't giving me a deal for being flexible with my pickup time, it was CHARGING ME 3$ just to have the privilege of them not withholding my service order arbitrarily.
fuck uber man that made me so mad
meanwhile i set a wait and save so i have time to finish getting ready and uber tells me it's already arrived.
Fuck uber.
I needed to take a ride from the airport to my home, and uber quoted me $150 for a 30 min ride. I jumped into a waiting taxi and paid $90 instead. At least the cab driver would see a good chunk of that money.
Of course it is. Textbook enshittification: first be good to your users, then to your providers, then fuck both and rake in the cash.
has found that Uber’s use of dynamic pricing has led to higher fares for passengers and lower earnings for drivers, whilst increasing Uber’s share of revenue
so, working as intended...
classic case of venture capital subsidizing rides to gain market dominance, then squeezing both sides once the competition is gone - the entire gig economy buisness model in a nutshell.
Enshitification is a nearly perfect process. We should not doubt it.
It's not enshitification as it was shit since the beginning : how this company was allowed to bypass workers protection laws (working time, minimum wage...), to burn investor's money with no limit and no real business plan (12 years burning cash without revenue) ?
Yeah people enjoyed their cheap ride, but now the cost is high.
Exactly, that would be the point.
But what about the shareholders?
I’m sure this was a completely unforeseen outcome. Completely.