Price increase key to Uber, Lyft profitability
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May 27, 2019 12:00 AM

Price increase key to Uber profitability

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    TO THE EDITOR:

    Kristin Slanina doesn't know what she is talking about ("Uber, Lyft torn between innovation, profit," May 20). The problem is not the business model. When Lyft entered the market, the company lowered the cost per mile, which is the culprit. Lyft did so to gain market share, and Uber followed suit to maintain market share.

    Now that both companies have gone public, it will merely take an increase of 20 cents a mile to give both companies profits in the billions. You don't agree? You only need to know how many rides per day the companies give and how many miles a day. Eighty percent of that 20 cents goes to the driver, and, yes, they give that many rides where such a minor change can make such a difference. I know because I have driven for Uber since 2015. I was there when Uber dropped its pricing. Keep the business model and raise the price per mile, and everyone will be happy.

    DAVID SCHLEMMER, Driver, Uber, Port Orange, Fla.

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