Are all the trips coming to you
Been like that for about 8 mnth
Do you still get stickys or it just like that all the time?
Not basically, they ARE paying whatever they feel like.
Haven't they already lost law suits for overstating potential earnings? They just never learn.
Oh wow, these are the same request? Wonder what trips the algorithm to raise the fare? Does the sccount w/the lower fare have a higher acceptance rate and do more rides? Mine have been coming in at around between $2 & $3 per mile lately. I have a 4% ar.
Right next to them. We where comparing prices as they came through.
Wild.
Hey now wait a minute...
First, Venmo me my retainer of 25k. Thank you!
Uber is a market maker. They collect ride requests from the rider market and give them a price. Then send requests to the driver market to see who will accept at a lower price. They keep the difference. If they can't find a driver at a lower price, they may raise the price and iterate until they find a taker. The best thing to do is decline any request that doesn't meet a minimum equivalent hourly rate threshold. Mine is $30. For example, the requests above take about 20 minutes, they offer 6.50, so equivalent hourly rate is $19.50. I would decline. Nothing funny going on here, Uber is just trying to maximize their revenue based on driver price elasticity.
It's well-known that Uber tailors prices to its pax according to what they calculate each pax is willing to pay, based on how much they were willing to pay in the past and other factors. So it's entirely reasonable to believe that they do the same with drivers and tailor each pay offer to each driver based on what Uber thinks the driver will accept.
