“I bear all the fixed and operational costs, so why are they sharing a big part of my income” an angry Uber driver grumbles.
It's a question investment bankers and investors are increasingly also having to consider, indirectly, when assessing what a company is worth.
What's sticking in our driver's throat is Uber's high commission rate, which rips out 20% to 25% of his income without accounting for the cost of his auto licence, fuel, repairs, insurance, or even the car itself. The resulting paradox is that although Uber drivers own and run their cars, they may often end...
¬ Haymarket Media Limited. All rights reserved.
