Uber might be considering a little loan that is personal because of its motorists, based on a write-up at Vox.
This would be considered with instant doubt by both drivers while the public that is investing offered the way the tires seem to be coming off Uber.
Uber Has Never Cared About Its Motorists
Whenever Uber first arrived from the scene, its advertisements boasted that motorists could earn just as much is $96,000 per year. That amount ended up being quickly debunked by quantity of various sources, including this writer.
We researched and authored a white paper that demonstrated the normal UberX driver in new york was just expected to make $17 an hour or so. That has beenn’t even more than the usual cab motorist ended up being making during the time.
An Uber driver would have to drive 110 hours per week, which would be impossible in order to reach gross revenue of $96,000 per year.
Motorists whom thought the $96,000 pitch finished up buying or leasing automobiles which they could maybe maybe not pay for.
One Bad Idea After Another
Then Uber arrived up using the idea that is crazy of rent funding with a business called Westlake Financial. (more…)
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