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

  • MisterFrog@lemmy.worldEnglish
    2·
    11 months ago

    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.