Tech’s broken promises: Streaming is now just as expensive and confusing as cable. Ubers cost as much as taxis. And the cloud is no longer cheap::Some tech is getting pricier and looking a lot like the older services it was supposed to beat. From video streaming to ride-hailing and cloud computing.
Taxi companies need to own the car, pay for maintenance, pay wages for the driver, insurance, etc.
Ride-sharing apps offload all of the taxi-company maintenance overhead costs to the gig-driver while only paying about 50% of the fare.
But competition. If there’s another app that pays out 80%, it will have more drivers and be cheaper.
That being said, I still only know about Uber and Lyft (here in Canada). Now car sharing and electric scooter sharing has become more popular in my city