Uber is an interesting company as they effectively have no capital assets. The drivers must use their own assets (their car) and bear the cost of the depreciation of those assets. When all expenses are factored in (depreciation, maintenance, gas, car washes, repairs, etc.), it is apparently difficult to make much money driving for Uber, or any of the other similar companies. There may be isolated areas where the exception is possible.
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Originally Posted by skyking
I have used Uber several times since first seeing this thread. The drivers are all part time and have ranged from graduate students to massage therapists. All say they are happy with Uber and seem to like that they can "sign in" or off whenever they are available. They tell me that the only complaints come from cab drivers. Uber is now a 62 billion dollar company. They are doing something right.
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