Most of the settlement money will become restitution payments to current and former drivers, Campbell's office said. The companies also agreed to provide drivers at least $32.50 per hour for the time they spend traveling to pick up passengers and transporting them to their destination.
They certainly charge enough to pay these people that much, I can’t find any concrete numbers but it seems like the consensus is that the ride share company takes between 25% and 75% of the ride profit. What a racket
And somehow still can barely break even.
AFTER paying shareholders. Never forget that.
Do they pay dividends?
No. They’re apparently not profitable because they invest in smaller companies, hoping they’ll go huge, and those companies haven’t panned out.
If they would stop doing that, they’d be profitable.
So the comment I replied to is bullshit.
Yep
🐂💩