Joined
·
400 Posts
OK, just to clear up my other post from yesterday where I said $6 Poo CAN actually be good. What I was trying to say is if it is close and surged it CAN be good. By definition surge means things are busy and you have higher probability of having both matched rides and multiple surged rides. Other than that Poo is terrible do not accept anything else.
There that hopefully clears up:
1) that I don't work for Uber or if I did I'm getting fired so I'm not going in to work anymore
2) that I'm trying to mislead newbies
Now for the math part and why I hate poo, maybe I got this wrong, so anyone please correct if I got this wrong, but this is why I generally hate poo, but it might just be a misunderstanding on my part, and if there are any other Uber employees here please feel free to polish up why poo can be good unless both surged and close.
Lets start with base rate: $.80/km + time (I'll ignore time since it is peanuts and a rounding error)
Uber Toronto basically says discount is anywhere from 10% - 40%, but that essentially busy time (eg. mornings) you can get 40% discount, while less busy times you get 10%, but as a driver you do not know what discount is being applied. So as a usual morning driver I'm going to assume 40% discount applies, because if it is not busy I'm not driving. If it is not busy this also means that it is not surging and low probability of matched ride and therefore Uber 10% cut of fare applies. This means what you probably get in an unsurged ride mornings (ie. no surge, so not busy, so not high probability of matched ride):
.8 x .6 (ie. 40% fare discount) x .9 (ie. 10% uber take) = $.432/km.
Lets say you drive 10min to pax and pax ride is 10min, and driving speed distance covered in both situation is equal. You could effectively be making only $0.216/km (of course it could be slightly better or worse, but regardless from a base of $.432/km things can only be bad). I would wager that after gas, maintenance, insurance, depreciation, your time, etc it is impossible to make that situation economic. You might as well take a timeout and hand out money to whoever walks by.
So there you have it why I don't like poo, and I take a timeout rather than giving unsurged & close poo rides. But the above may be a misunderstanding/math error on my part. But I only take poo when surged and close, and have found in those situations it can be better than X rides (at times even quite a bit better than surged X ride) due to possibility of having multiple matched surged rides.
However, to further refine my "algorithm" of when to accept poo, if my first ride is surged & close that I accepted, if the next one is also not surged I don't accept it. Because then Uber's take jumps from 10% to 30%, so there is no real financial incentive to pickup any other rides. Accepting a 2nd unsurged ping also means things are not that busy so you're even less likely to get a 3rd matched ride. Keeping it to just surged and close improves your chances that your poo experience might be a pleasant one.
There that hopefully clears up:
1) that I don't work for Uber or if I did I'm getting fired so I'm not going in to work anymore
2) that I'm trying to mislead newbies
Now for the math part and why I hate poo, maybe I got this wrong, so anyone please correct if I got this wrong, but this is why I generally hate poo, but it might just be a misunderstanding on my part, and if there are any other Uber employees here please feel free to polish up why poo can be good unless both surged and close.
Lets start with base rate: $.80/km + time (I'll ignore time since it is peanuts and a rounding error)
Uber Toronto basically says discount is anywhere from 10% - 40%, but that essentially busy time (eg. mornings) you can get 40% discount, while less busy times you get 10%, but as a driver you do not know what discount is being applied. So as a usual morning driver I'm going to assume 40% discount applies, because if it is not busy I'm not driving. If it is not busy this also means that it is not surging and low probability of matched ride and therefore Uber 10% cut of fare applies. This means what you probably get in an unsurged ride mornings (ie. no surge, so not busy, so not high probability of matched ride):
.8 x .6 (ie. 40% fare discount) x .9 (ie. 10% uber take) = $.432/km.
Lets say you drive 10min to pax and pax ride is 10min, and driving speed distance covered in both situation is equal. You could effectively be making only $0.216/km (of course it could be slightly better or worse, but regardless from a base of $.432/km things can only be bad). I would wager that after gas, maintenance, insurance, depreciation, your time, etc it is impossible to make that situation economic. You might as well take a timeout and hand out money to whoever walks by.
So there you have it why I don't like poo, and I take a timeout rather than giving unsurged & close poo rides. But the above may be a misunderstanding/math error on my part. But I only take poo when surged and close, and have found in those situations it can be better than X rides (at times even quite a bit better than surged X ride) due to possibility of having multiple matched surged rides.
However, to further refine my "algorithm" of when to accept poo, if my first ride is surged & close that I accepted, if the next one is also not surged I don't accept it. Because then Uber's take jumps from 10% to 30%, so there is no real financial incentive to pickup any other rides. Accepting a 2nd unsurged ping also means things are not that busy so you're even less likely to get a 3rd matched ride. Keeping it to just surged and close improves your chances that your poo experience might be a pleasant one.