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kleinbl00  ·  2251 days ago  ·  link  ·    ·  parent  ·  post: When Uber drivers don't own cars: Developing world tests 'sharing economy'

    “We realized that it wasn’t profitable for him [the driver] or for us. Only Uber won.”

For broad definitions of "won." Bear in mind that Uber lost something like $6 billion dollars last year. Also bear in mind that they'll totally rent you a car in the US; they used to lease them but not only did they piss everyone off they lost $9k per vehicle.

I've talked to Lyft drivers that lease their vehicles. It makes financial sense if they drive ninety hours per week. Now I don't know about you, but tooling around Los Angeles thirteen hours a day, seven days a week sounds positively Dickensian to me. That whole middle-man thing? I mean, that's barely scratching the surface.