Uber CEO Dara Khosrowshahi on Q1 results, growth outlook and Instacart partnership
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- Опубликовано: 12 июн 2024
- Uber CEO Dara Khosrowshahi joins 'Squawk Box' to discuss teh company's quarterly earnings results, growth outlook, strength of its Uber Eats delivery business, impact of the Instacart partnership, future of robotaxis, and more.
$3 for a 30 minutes of work is what they regularly offer delivery drivers , below the minimum wage
How the hell are they not profitable despite all the fees and taking 30% from the restaurants and drivers???
did you watch the video. it was an operating profit. a net loss due to a markdown in equity stakes in other companies.
@@MadhavSharma-xj5hi still only 700m
Try 50-60% from drivers not including what they rob in tips! This CEO is a crook.
@@MadhavSharma-xj5hi on paper. in reality? its fake profit. they've found a way to engineer frequency etc through discounts but there is no real stickiness, loyalty nor retention.
Taking more like anywhere from 50% to 80% of drivers share
Scam. Driver pay all time low.
Drivers can't find another job that pays better
@@MadhavSharma-xj5hi $3.20 for 15 mins of a drivers time, would be $12.80 per hour. That's below most states minimum wage, making it very easy to find a better paying job. Also this makes Uber's cut to the driver illegal in most states. Uber also lost a lawsuit in New York for wage theft specifically. Most jobs providing minimum wage are not doing any form of wage theft what so ever. You must never have drove for Uber or believe below minimum wage is a strong income.
@Ri_PM I literally have spoken to drivers who have showed me their app showing $200 a day.
@Ri_PM I literally have spoken to drivers who have showed me their app showing $200 a day.
@@MadhavSharma-xj5hi Literally? Wow smart. $200 day for a 12 hour shift is barely minimum wage. Now pay taxes, monthly car maintenance, insurance and any vehicle issues that come up throught out the year. They actually make about $120 a day now on average. Those drivers you speak to slave for uber to keep the profit. They dont even save 20k a year. They save next to nothing. Do you believe big corporations like uber or amazon can't afford to pay better and run less of a slave system?
Horrible man how u sleep at night pay your drivers
Prices are higher for passengers yet pay has gone down for drivers since 2016, the new ceo is a crook they treat their employees terribly
Pay your driver
Drivers can't find another job that pays better
"frequency, retention is up.." of course it is- you are giving 40% off discounts non stop. Ive personally abused them LOL but Im killing your margin not helping it.
Competition is heating up, Uber is not a complex business to create. Look up HOVR
Check what your final price is compared to if you went to the place yourself and bought it, even with the 40% off
@@brendanconners867 Actually I do the math - the cost works out less than eating in person: aka uber pays the merchant in full whilst taking on a loss. aka negative margin.
On top of that, I frequently request refunds taking my order total down to a discount of 70-75%. And yes I do this intentionally: i hate uber, but I am willing to game the system for my benefit.
This is what the Uber CEO doesnt understand: the users are not loyal, we care about price.
Uber should not exist as a business- the fundamentals are all wrong. On top of that it is a net negative for social/human capital. I am effectively 'shorting' the company by taking advantage of its self-serving notion of giving out free money.
Attention all Uber Stock holders. Many uber drivers are making less than $2 per hour. It is not like last year. Think twice
CEO is not convincing. Too many 'ahhs' for his position.
His first language is not English
Attention all Uber Stock holders. Many uber drivers are making less than $2 per hour. It is not like last year. Think twice
Growth t from robbing drivers you shill.
"Dara Khosrowshahi" is an anagram for "Hashish Rook Award". o/
The most important aspect to be aware about the importance and value in the relationship is how much time you can take to prepare for a project or a meeting with your
Definitely Drivers work for peanuts 🥜
This guy..Dara..is a joke to drivers.Uber is taking 50% plus from drivers.
Drivers can't find another job that pays better
Bot ignore
@@SamraHussein-zz8tu nobody is forcing you to drive for Uber. The way to make them pay drivers more is to stop driving Uber. If enough people do that, they will raise driver pay until people stop leaving.
It's called the labor "market" for a reason!
in dallas texas they take 70% from us driver
@@skyhawaii6831 the don't drive. Do something else
PAY YOUR DRIVERS
Drivers can't find another job that pays better
Yes pay drivers more. He most likely taking home half million dollars a year. He should start driving for a few weeks to see how does it feels like with $4 rides.
@@khalidjahla3197 WHY? why should he pay a cent more than he needs to in order for the driver to drive uber than do another job. please explain why?
@madhavsharma you are simply pathetic human. Treat people how you like to be treated unless you satan with no moral compass
Attention all Uber Stock holders. Many uber drivers are making less than $2 per hour. It is not like last year. Think twice
Executives are taking home supersonic salaries and drivers are going under every day looking for a new job
Uber loss Q1 because Dara overpriced himself salary and keep cut drivers pay to make it up story .Uber will downhill Dara in the office.
I want everyone to see this comment till the day I die. Had an Alaska cruise booked and air 5-20-24. Had an UBER scheduled for 3:40 am and no one ever showed up. Found I was charged for 7 rides and refunded the same day. I never got to the airport for my cruise.😡
Did you not tip enough? Maybe no one wanted to do the route b/c it paid so little. You probably have to tip really high for a ride at 3:40am
Being run like the NYC MTA, always losing money and tons of money running through the business. Still no profits??
Weworks number 2
I wish he put drivers in his shoes and treats like humans with bills to pay and families to take care. They pay for their gas, insurance, put their time in and use their own cars, pay for their own maintenance and uber takes half if not of the total fee paid by the rider. I find him very immoral he only cares about the growth and i get it he needs to make money for the investors and he has to find way to make it, but not poor drivers on the road risking their life.
uber takes 70% away from drivers in dallas
Uber Keep more then 60% from fares loosing best drivers and investing profit in some BS and pump stock with buyback
Attention all Uber Stock holders. Many uber drivers are making less than $2 per hour. It is not like last year. Think twice
The devils cousin.
This is a company using collective individual resources to make a business. Manipulative company. Hopefully, one day, they will be caught and will pay fine for so many resources that are snatching from those poor drivers. They didn't share a single cost but slashing driver earnings up to 40%. He should be shameful to talk about this company
We're missing hearing about their freight numbers. Uber Freight had a 16% revenue decrease in 2023. Freight is an economic bell weather.