Uber drivers team up in gangs to force higher prices before they pick up passengers, research has revealed. Researchers at the University of Warwick found Uber drivers in London and New York have been tricking the app into thinking there is a shortage of cars in order to raise surge prices. According to the study. drivers manipulate Uber’s algorithm […]
Uber drivers are deliberately going offline in unison so that prices surge and they can charge customers more when they log back into the app, according to new research. Uber’s so-called dynamic pricing model means that it responds to supply and demand, increasing the cost of a trip at busy times such as when bars […]
The statewide law superseded municipal rules, such as Austin’s requirement for ride-hailing drivers to undergo fingerprint-based background checks. Uber and Lyft left Austin after the failure of a ballot proposition calling for looser regulations of the local ride-hailing industry. Under the December 2015 ordinance, an app-based ride-hailing company with dynamic pricing, also known as a […]
“Mobility has been a key concern of our country. We should fast-track our projects on modernizing our public transport system so that Filipinos will have a viable transportation option,” Angara said. Many senators have expressed their support to TNVS operation noting that it provides better service that the traditional taxis that have been a subject […]
If Reliance Jio looks at wooing 100 million customers in the next 12 months to 4G features devices, it would mean its competitors could lose at least 10 per cent of their subscribers. A large number of those migrating are expected to be the low-paying customers of the three incumbents. The incumbents could see pressure […]
The senator earlier chided the LTFRB for cracking down on Grab and Uber, which he said “offer far better and more convenient services than regular taxis.” Instead of banning TNVS, Ejercito said the LTFRB should take action first on the complaints against the taxi drivers. “Kung ganito kayo kaingay at kadesididong patawan ng service ban […]
While rejecting the complaint after finding that ANI Technologies (Opposite Party) is not a dominant player in the relevant market, the watchdog has also delved into the pricing ways of taxi services providers. “Without going into the legitimacy of OP’s pricing strategy, suffice to say that besides statutory compulsion of non-intervention in the present case, […]
According to Uber, its surge rates are an important way of ensuring that passengers can get a ride in a reasonable time frame in periods of high demand, with more drivers encouraged to get on the road. Passengers are provided with the surge rate and an estimated cost of the fare before agreeing to the […]
Uber users were left angry last Thursday when fares were much higher than usual, during Melbourne’s train network shut down during the evening rush hour. The ridesharing company uses “dynamic pricing”, which means that when demand is higher fares increase. Users are given a quoted price before they accept a fare. In one case $50 […]
Uber’s ‘surge’ policy means some passengers have said they have been charged as much as eight times a normal taxi fare. Several passengers have said they were not aware of the cost of their journey until after they left the vehicle. Because a credit card is needed to set up an Uber account, the money […]
Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals, business owners, creative professionals, and independent contractors. This Edition is brought to you by: Value Innoruption Advisors Founded by Dr. Stephan Liozu, Value Innoruption Advisors […]
This Week in Pricing > 9/23/17
This Week in Pricing is a recap of the week’s best pricing focused news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is brought to you by: Professional Pricing Society Currently, PPS produces three major annual pricing conferences in Europe and North America. Each […]
The Psychology Behind the New iPhone’s Four-Digit Price | Harvard Business Review
Apple made headlines by announcing that the price for its new iPhone X (a fancy term for 10) will range from $999 to $1,149. These prices are commanding attention because they are significantly higher than the base prices of the two other iPhone models that were also announced, the 8 ($699) and the 8 Plus ($799). […]
Rising tuition fees could price out college students | tes
The report points out that delivery costs for HE in FE are often less than in university settings. But colleges which took part in the inquiry said they were looking at increasing their tuition fees. Truro and Penwith College told the commission it was “moving to a full fee rate from 2017-18”, while NCG – the […]
Irma price gouging highlights sad truth: Consumer fleecing is the new normal | WTOP
(THE CONVERSATION) Since Hurricane Irma put Florida in its sights, there have been thousands of reports of price gouging on everything from water to gasoline. The most notable complaint was not, however, the one alleging a US$72 charge for a six-pack of water. Rather, it was the $3,200 reportedly asked by Delta for a ticket […]
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