Snagged from Lyfters Nationwide~Pretty damned accurate, I'd safely say....
***********
Josh Ross
2 hrs
History of ridesharing in Los angeles:
Josh Ross's perspective
Feb 2013: joined uber with the promise of 22 an hour.
Reality: Making 50 an hour
Rates: 2.75 a mile .60 a minute if going less than 11 mph and 5 dollar pickup with 8 dollar minimum
Lyft was operTing with a 18 dollar an hour floor and silly pink mustaches made me laugh.
April 2013: first uber cut to 2.50 a mile, 5 dollar minimum. 50 a minute if less than 11 mph and 3 dollar base fare
Earnings: 30-35 an hour
Lyft: still at 18 an hour floor and I still would not consider the silly logo on my car.
August 2013: millions of cars later uber does another rate cut to improve demand. Now more aggressive 2.00 a mile . .40 a minute and 3.00 minimum.
Earnings at uber: 10 dollars an hour prior to cut. I turned off my uber phone for almost a year and did Lyft.
Lyft : floor of 15 an hour weekdays and 25 an hour weekends. Earnings were 20-35 an hour steadily.
October 2013: Lyft gets rid of the floor but assured the drivers that they will use the caps to ensure steady earnings. Lyft was still in donation at this time.
November 2013: Lyft announced an expansion of cover area so they had to adjust the caps. Was slow about 15 an hour.
Lyft rates: Lyft was on donation so no one really knew what they were charging but oh lyfters all agree it was way more than they said when they went public with the rates.
Dec 2013: First Lyft price cut, very limiltless done. Lyft goes off of donation and announced that they are chargin 1.55 a mile and .35 a minute with a 4 dollar minimum.
Uber immediately changed their entire means of charging passengers to include both time and distance: the rate 1.50 a mile and .30 a minute with 3 dollar minumum.
Jan1 2014: uber faces backlash for New Years surge so they cut the rate to 1.25 a mile and .30 a minute and also cut their commission to 5%.
Some time winter 2014 Lyft rolls out the T&S fee because they are on the verge of bankruptcy.
Late feb 2014: happy hour was introduced. This was the perfect system. Slow hours would drop prices and busy times would raise with prime time . Base fares were the same. This was great. The screen would show happy hour and people would book Lyft even when Lyft was more than uber. But, Lyft management did not satiate their greed with this so they went on to :
March 2014: Lyft secured around 250 million financing and cuts rates to 1.25 a mile and .30 a minute. Also starts no commission period. Notice that this price matches uber. Lyft also gets rid of the caps they promised to keep when they got rid of the floor...
Uber at this time raises their commission. To 20% and adds a T&S fee, but to "soften the blow" they give drivers 1 dollar for every ride.
Earnings at this point were 25+ an hour for Lyft and about 15 for uber
Earnings for Lyft started at 25+ an hour and the next few months they underwent the largest car expansion in history of the transportation industry this raping earnings to about 5 an hour
2014: Lyft continues to "ride the wave". They undercut uber to 1.13 a mile .26 a minute and 3$ minimum.
May 2014: uber drivers now making 10 an hour so uber cuts to 1.10 a mile .21 a minute 4 minimum; the "summer special". They cut rates but paid drivers the old rates.
July 2014: Lyft reintroduces commission, and uber finalizes the summer special this taking it out of the drivers end. Uber also cuts the 1 dollar a trip incentive.
Earnings: Lyft -2.50 an hour very slow and uber 10 dollars an hour with back to back rides.
Oct 2014: Lyft further cuts the rates to match ubers current rates and Lyft drivers hold the
First stache burning party.
Pay: 20- 25 an hour for a month or so for Lyft
8-10 an hour for uber
Oct-December: Lyft management like a crazy cracked out greedy emotionally unstable child does the second largest expansion of cars in history. So bad that it would ruin the upcoming New Years eve and the entire industry.
New Years eve 2014:
Lyft like a fucking idiot announces guaranteed prime time and uber like a snake turns off their surge.
Driver earnings 10 an hour on New Years:
Current driver earnings:
Uber : 10 an hour
Lyft: you pay 5 an hour to drive.
This is what an unregulated industry results in. Especially when run by children who haven't the slightest modicum of a clue regarding how to manage a transportation company. Oh no wait, I stand corrected they are just payment processors right?
***********
Josh Ross
2 hrs
History of ridesharing in Los angeles:
Josh Ross's perspective
Feb 2013: joined uber with the promise of 22 an hour.
Reality: Making 50 an hour
Rates: 2.75 a mile .60 a minute if going less than 11 mph and 5 dollar pickup with 8 dollar minimum
Lyft was operTing with a 18 dollar an hour floor and silly pink mustaches made me laugh.
April 2013: first uber cut to 2.50 a mile, 5 dollar minimum. 50 a minute if less than 11 mph and 3 dollar base fare
Earnings: 30-35 an hour
Lyft: still at 18 an hour floor and I still would not consider the silly logo on my car.
August 2013: millions of cars later uber does another rate cut to improve demand. Now more aggressive 2.00 a mile . .40 a minute and 3.00 minimum.
Earnings at uber: 10 dollars an hour prior to cut. I turned off my uber phone for almost a year and did Lyft.
Lyft : floor of 15 an hour weekdays and 25 an hour weekends. Earnings were 20-35 an hour steadily.
October 2013: Lyft gets rid of the floor but assured the drivers that they will use the caps to ensure steady earnings. Lyft was still in donation at this time.
November 2013: Lyft announced an expansion of cover area so they had to adjust the caps. Was slow about 15 an hour.
Lyft rates: Lyft was on donation so no one really knew what they were charging but oh lyfters all agree it was way more than they said when they went public with the rates.
Dec 2013: First Lyft price cut, very limiltless done. Lyft goes off of donation and announced that they are chargin 1.55 a mile and .35 a minute with a 4 dollar minimum.
Uber immediately changed their entire means of charging passengers to include both time and distance: the rate 1.50 a mile and .30 a minute with 3 dollar minumum.
Jan1 2014: uber faces backlash for New Years surge so they cut the rate to 1.25 a mile and .30 a minute and also cut their commission to 5%.
Some time winter 2014 Lyft rolls out the T&S fee because they are on the verge of bankruptcy.
Late feb 2014: happy hour was introduced. This was the perfect system. Slow hours would drop prices and busy times would raise with prime time . Base fares were the same. This was great. The screen would show happy hour and people would book Lyft even when Lyft was more than uber. But, Lyft management did not satiate their greed with this so they went on to :
March 2014: Lyft secured around 250 million financing and cuts rates to 1.25 a mile and .30 a minute. Also starts no commission period. Notice that this price matches uber. Lyft also gets rid of the caps they promised to keep when they got rid of the floor...
Uber at this time raises their commission. To 20% and adds a T&S fee, but to "soften the blow" they give drivers 1 dollar for every ride.
Earnings at this point were 25+ an hour for Lyft and about 15 for uber
Earnings for Lyft started at 25+ an hour and the next few months they underwent the largest car expansion in history of the transportation industry this raping earnings to about 5 an hour
2014: Lyft continues to "ride the wave". They undercut uber to 1.13 a mile .26 a minute and 3$ minimum.
May 2014: uber drivers now making 10 an hour so uber cuts to 1.10 a mile .21 a minute 4 minimum; the "summer special". They cut rates but paid drivers the old rates.
July 2014: Lyft reintroduces commission, and uber finalizes the summer special this taking it out of the drivers end. Uber also cuts the 1 dollar a trip incentive.
Earnings: Lyft -2.50 an hour very slow and uber 10 dollars an hour with back to back rides.
Oct 2014: Lyft further cuts the rates to match ubers current rates and Lyft drivers hold the
First stache burning party.
Pay: 20- 25 an hour for a month or so for Lyft
8-10 an hour for uber
Oct-December: Lyft management like a crazy cracked out greedy emotionally unstable child does the second largest expansion of cars in history. So bad that it would ruin the upcoming New Years eve and the entire industry.
New Years eve 2014:
Lyft like a fucking idiot announces guaranteed prime time and uber like a snake turns off their surge.
Driver earnings 10 an hour on New Years:
Current driver earnings:
Uber : 10 an hour
Lyft: you pay 5 an hour to drive.
This is what an unregulated industry results in. Especially when run by children who haven't the slightest modicum of a clue regarding how to manage a transportation company. Oh no wait, I stand corrected they are just payment processors right?
No comments:
Post a Comment