that reinforces that it shouldn’t (cannot) be a full time ‘job’.  it eliminates the health insurance issue.  it eliminates a lot of congestion.  it reduces the supply of drivers which will drive up price.  it negates the worst of the arguments, albeit it also makes the total market likely smaller

the super rich already cashed out in the IPO....the people running or owning it TODAY are never going to win big.

I think it’s also in how he gets paid - by the job, contractor, by the hour, employee. When paid by the job, the subcontractor assumes some of the risk of profit and loss, which is the major difference. Chair-rent - now there’s a friggin RACKET. Real Estate agents, etc.....it’s all the same argument - you may or may…

this is living current proof that Americans have short term memory issues...we’ve learned this lesson so many times. A few get super rich on dot com stuff, and a crap ton of late arriving cling-ons get fleeced.  It’s the same dirty game.

this conversation isn’t about the investment - if it were, it would be going the other direction. Whatever morons invested in Uber and Lyft at their IPO are making a conscious decision to risk their capital. The morons that cannot keep this thing afloat now, were extremely adept and highly intelligent when plotting…

actually, they should have quit while they were ahead with a smaller footprint.  It’s the explosive growth that got it all out of whack.  Bigger isn’t always better, except when gunning to max your IPO on your e-commerce thingy...most of us learned that back years ago in the dot com bubble burst.

Drivers actually DO influence the rates though....by choosing to accept, or choosing to NOT. The rates go up if the Pax aren’t getting picked up. If there’s a billion drivers accepting pennies, that’s the market clearing price. Uber used to get real mad when drivers (in the early days) really manipulated the surge…

most drivers are sheeple....if they understood their costs, most wouldn’t drive. It’s not the operating expenses that kill most drivers though - it’s the depreciation. When I drove, it was in a (very nice) fully paid off 10 year old car with 200K miles on it, fully depreciated (bought for $5800, sold later for $3200…

a portion of it, yes.

they do - that’s why the IPO’d before the whole pyramid crashes.  They are only in it for themselves...there’s nothing altruistic in that business.

calamity will ensue....the people don’t like their options taken away.  Nobody can run Uber-type services any other way - the reason for that is that the whole pyramid scheme relies on ignoring asset depreciation.  Theses are the same arguments as to why I regularly say that Uber/Lyft could double their prices and the…

drivers setting their own rates would be a shit show, but on the rest I agree, and that’s largely why I don’t drive anymore. 

but I don’t want protection from your ‘society’....I want freedom. 

we’ll have to agree to disagree, man. as a car builder, I subbed out things like paint and engine work, and the sub took a fat cut of my total profits. I could decline any ride I wanted (typically Pool rides) and accept any ride I wanted (typically Select rides), and work as little or as much as I wanted, whenever I…

depended on the night - and when gas shot up mid summer 2 years ago, I largely changed HOW I drove, and drove a LOT less because Uber/Lyft didn’t raise the rates. But typically, I was pulling $200 a weekend night in revenue driving partiers to/from the bars and parties, , for about $30 in gas, in 6 or 7 hours, on a…

their market cap has nothing to do with any of this...and I’m no shill - i’m a guy who drove Uber/Lyft for 2 years part time and quit driving when the Venture Capital grease dried up. 

idk that it’s bad faith....that’s what my own experience has been as an entrepreneur, carbuilder, uber driver.  

Oh, I didn’t realize you set the prices the guy building your deck could charge, and also set him up with other people who needed decks and took a cut of the money he made.

If you hire him to build a deck on different peoples’ houses every day of the year, he’s your employee.

lawmakers don’t care about the people....they’re butthurt that they’re not able to tax this stuff the way that they want to. It’s nothing more than that.