‘There are drivers that are going to food banks': Rideshare drivers report weaker profits and higher fuel costs [BNN Bloomberg (Canada)]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: BNN Bloomberg
“It has been really difficult,” she said. “There's not enough work to go around, and the work that is offered to us is very low paying.” Phillips drives with both Uber and Lyft and says the algorithms used by the two companies mean some rides only pay out $2 or $3. The low pay, coupled with the high price of gas, means she is rejecting more rides than she accepts. “At one point I was 85 per cent,” she says of her acceptance rate. “Now, it fluctuates between the high teens and 20-somethings. Mine's at 29 per cent right now.” Phillips says she simply cannot afford to take low-paying rides when it costs nearly $60 to fill up the tank of her Kia Forte. “(On Tuesday) I went out from about 11:00 am until 6:30 at night and I made less than $70,” she said. “And that is between the two apps.” Lyft did not respond to our request to comment. In a statement, Uber said they are giving drivers “increased cash back at the pump” when they use their Uber Pro Card to fill up. “The intention
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UBER
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- 3/23/26 - Form ARS
- 3/23/26 - Form DEFA14A
- UBER's page on the SEC website