this post was submitted on 30 Jun 2024
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Uber, Lyft to pay Mass. drivers $32 minimum wage during rides under $175 million settlement (www.wbur.org)
submitted 10 months ago by borebore@lemmy.world to c/boston@lemmy.world
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[–] 0x01@lemmy.ml 20 points 10 months ago (1 children)

They certainly charge enough to pay these people that much, I can't find any concrete numbers but it seems like the consensus is that the ride share company takes between 25% and 75% of the ride profit. What a racket

[–] ripcord@lemmy.world 7 points 10 months ago* (last edited 10 months ago) (1 children)

And somehow still can barely break even.

[–] aniki 7 points 10 months ago (1 children)

AFTER paying shareholders. Never forget that.

[–] JackbyDev@programming.dev 2 points 10 months ago (1 children)

Do they pay dividends?

[–] surewhynotlem@lemmy.world 5 points 10 months ago (1 children)

No. They're apparently not profitable because they invest in smaller companies, hoping they'll go huge, and those companies haven't panned out.

If they would stop doing that, they'd be profitable.

[–] JackbyDev@programming.dev 1 points 10 months ago (1 children)

So the comment I replied to is bullshit.