[rv5]

This law requires transportation network companies (TNCs, e.g., Uber and Lyft) to (1) pay each of their drivers at least 75% of the money collected from each of the driver’s riders for a completed prearranged ride and (2) not keep more than 25% of the total moneys collected for any driver on any day. If a TNC violates these requirements, the bill allows an affected driver to bring a civil suit to recover up to twice the amount the TNC owes to the driver, plus reasonable attorneys’ fees and costs.

 

[240BIGWINO]

Sounds good.

 

[rv5]

I wonder if uber/lyft will pull out of Connecticut on June 30th...

 

[Uberest]

It will kill the tnc business as we know it. Uber takes more than 25% regularly. Yet they still lose money.

 

[SurgeTastic]

It will kill the tnc business as we know it. Uber takes more than 25% regularly. Yet they still lose money.

I tend to agree.

With both companies going public it is becoming common knowledge among people who watch this business that the actual cost of these rides is heavily subsidized. Laws like this that limit how much the TNCs can take of the total fare will hurt them even more.

In other words, rideshare is an unsustainable, unprofitable business as it is now, and this would make it worse.

I foresee a day when Uber moves away from basic rideshare (X/pool) and moves all the way into more profitable ventures, maybe food delivery, trucking etc.

Robot cars are not the answer, either. The day when (if?) the robots fulfill a substantial portion of rideshare demand is too far away to save these companies.

 

[Damn Boy]

These companies need cut the costs by firing half the executives and venturing into stupid ideas like electric scooters.

 

[SOLA-RAH]

This I can support...still want my promised 80% instead though. The rates as they are now would be the floor, and only go up from there during high demand.

 

[Jo3030]

I like this.

 

[UberPotomac]

I like this , too.
Then and only then , will be obligate to cut the loosing ventures and start charging fees that allow them to support their activities while driver earn a fare wage.

 

[Particle In A Box]

I mean, this was the deal back in 2016....

They could reduce their ridiculous overhead and stop pretending they are in the start-up stage to make a profit.

 

[Nats121]

I don't think any TNC law has been passed in CT yet.

I can't find anything on the web about it, and there's no mention of a new TNC law over at the CT Forum of UPnet.

That July 1, 2019 date is the proposed effective date of the bill IF it passes.

 

[UberPotomac]

I don't think any TNC law has been passed in CT yet.

I can't find anything on the web about it, and there's no mention of a new TNC law over at the CT Forum of UPnet.

That July 1, 2019 date is the proposed effective date of the bill IF it passes.

https://www.cga.ct.gov/asp/cgabills...illType=Bill&bill_num=SB00989&which_year=2019

 

[PanteraRosa]

I love this!

 

[240BIGWINO]

This I can support...still want my promised 80% instead though. The rates as they are now would be the floor, and only go up from there during high demand.

The floor? Lyft just announced 36.5 cents per mile for Express drive in Tampa. Uber says it aims to reduce incentives. There is no floor. At some point they'll try the strip club model of having us pay them to drive.

 

[Ubergaldrivet]

I wonder if uber/lyft will pull out of Connecticut on June 30th...

There has been some discussion of this actually happening. Curious to see what actually happens

 

[New2This]

It will kill the tnc business as we know it. Uber takes more than 25% regularly. Yet they still lose money.

They started out at 20%/25% in the beginning with their initial business plan.

It would force them to raise rates to something reasonable for drivers. As @Another Uber Driver so often says, cab rates are what they are for a reason.

If Uber/Lyft went under because of this I wouldn't shed a tear. I'd happily piss on Uber's grave. I'd more happily take a dump on Lyft's grave.

 

[3.75]

They started out at 20%/25% in the beginning with their initial business plan.

It would force them to raise rates to something reasonable for drivers. As @Another Uber Driver so often says, cab rates are what they are for a reason.

If Uber/Lyft went under because of this I wouldn't shed a tear. I'd happily piss on Uber's grave. I'd more happily take a dump on Lyft's grave.

This dump... would it be of the runny variety?

 

[New2This]

This dump... would it be of the runny variety?

 

[3.75]

You need to go to the big boys for them.

Blazing wing challenge.

Guaranteed to have your rectum bleeding.

 

[yankdog]

I love the last few comments. As my dad's sister used to say, "Men are good for 3 things mainly: Fornicating (paraphrasing), fart jokes, and killing shit.".