this post was submitted on 30 Jun 2024
129 points (99.2% liked)

Boston, MA

1089 readers
1 users here now

Welcome to c/boston,

A community for all things related to Boston, Massachusetts. Whether you're a local, a visitor, or just interested in the city, this is the place to discuss, share, and connect with fellow Bostonians.

Greater Boston area discussion is welcome here.

Rules:

Be respectful: Treat others with respect and courtesy. Personal attacks, trolling, and harassment will not be tolerated.

Stay on topic: Keep discussions relevant to Boston and its surrounding areas.

Official City of Boston Website

founded 1 year ago
MODERATORS
westfjord@lemmy.world
itadakimasu@lemmy.world
pinwurm@lemmy.world
borebore@lemmy.world
129
Uber, Lyft to pay Mass. drivers $32 minimum wage during rides under $175 million settlement (www.wbur.org)
submitted 4 months ago by borebore@lemmy.world to c/boston@lemmy.world
12 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 0x01@lemmy.ml 20 points 4 months ago (1 children)

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

[–] ripcord@lemmy.world 7 points 4 months ago* (last edited 4 months ago) (1 children)

And somehow still can barely break even.

[–] aniki@lemmings.world 7 points 4 months ago (1 children)

AFTER paying shareholders. Never forget that.

[–] JackbyDev@programming.dev 2 points 4 months ago (1 children)

Do they pay dividends?

[–] surewhynotlem@lemmy.world 5 points 4 months ago (1 children)

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.

[–] JackbyDev@programming.dev 1 points 4 months ago (1 children)

So the comment I replied to is bullshit.