I was reading this and thinking about the other Uber articles on this and Gawker. If Uber didn’t have to screw over its employees, I mean “independent contractors” it wouldn’t be hemmoraging money as much.

Exactly. It’s not hard to see that all of the admin overhead is what bogs down their numbers. If corporate Uber is taking a 20% cut of income, then they have to spend less than that on everything else to be profitable. And right now, they’re not, by a long shot.

Uber is not “subsidizing” it’s drivers - let’s make that clear. If anything drivers are the ones subsidizing Uber since they provide the vehicle and bear the cost of phone bills, insurance, maintenance, gas, and depreciation. Uber has essentially no overhead to pay except for its legislative legal agenda. The…

If Uber gets rid of drivers then they are going to have to start paying for cars, paying for fuel and paying for maintenance, insurance and parking fees for those cars. As it is now all those costs are taken care of by their by their drivers. Getting rid of drivers may lower their costs some, but either way Uber will…

You’re not paid by the ‘word’ are you? Because otherwise it seems to me you would have expanded on the Uber car lease program, how Uber compares to Lyft and how Uber compares against long running traditional cab companies who, oh wow, still have real live human beings driving cars. I cant believe you got away with…

Uber takes 20% plus the $1 passenger fee. UberX drivers’ gross revenue (before taxes and expenses) generally averages $20+ per hour. As contractors, they have an additional tax burden (employer’s share of FICA) of 3% above normal marginal tax rates. If they’re making $40K per year, their marginal tax rate is between…

Uber takes about 30-40% from these naïve drivers. Why? So that Uber owners could have a $60 billion dollar valuation? Nuh, I don't buy this tio-don't tip nonsense - this whole thing is stupid.