Uber CEO Dara Khosrowshahi estimated a 2.95-mile ride would cost $20 but was surprised to learn it actually cost $51, Wired reported.

Uber CEO balks after a reporter tells him the cost of his 2.9-mile Uber ride: ‘Oh my God. Wow.’::undefined

@Katana314@lemmy.world
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681Y

In a faint way, I might almost frame this as a positive thing.

The gig workers driving Uber vehicles are generally the sort of people that absolutely need it. And, especially in a hub like New York City, $50 fares should be the sort of thing that pushes people into making use of either the bike share system or subway, rather than promoting increased traffic congestion at peak times. And yes, I am aware in many cases that results in increased trip times; which should be a motive to invest further in these systems to make them faster and more convenient.

I don’t think it’s just Uber - America will at some point have to wake up to the expected costs of its heavily service-focused industries, the value of an individual person’s time, and of one’s own personal vehicle for a trip.

@MisterFrog@lemmy.world
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21Y

The reason fatrs are up is because instead of subsidising the trips (i.e. anti-competitive behaviour), now UBER is taking a massive cut to make back all the VC money.

The fares should have never been dirt cheap to begin with.

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