New Oxford research reveals Uber’s algorithmic pricing leaves drivers and passengers worse off | University of Oxford
www.ox.ac.uk
A new study from researchers in the University of Oxford’s Department of Computer Science has found that Uber’s use of dynamic pricing has led to higher fares for passengers and lower earnings for drivers, whilst increasing Uber’s share of revenue.

Uber’s use of dynamic pricing has led to higher fares for passengers and lower earnings for drivers, whilst increasing Uber’s share of revenue.

  • 14th_cylon@lemm.eeEnglish
    101·
    2 days ago

    has found that Uber’s use of dynamic pricing has led to higher fares for passengers and lower earnings for drivers, whilst increasing Uber’s share of revenue

    so, working as intended…

    • MysteriousSophon21@lemmy.worldEnglish
      31·
      2 days ago

      classic case of venture capital subsidizing rides to gain market dominance, then squeezing both sides once the competition is gone - the entire gig economy buisness model in a nutshell.

      • bassad@jlai.luEnglish
        3·
        1 day ago

        It’s not enshitification as it was shit since the beginning : how this company was allowed to bypass workers protection laws (working time, minimum wage…), to burn investor’s money with no limit and no real business plan (12 years burning cash without revenue) ?

        Yeah people enjoyed their cheap ride, but now the cost is high.