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.

  • 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.