Tag: Uber

Parsons Green Explosion: Uber Surge Pricing Began, But Company Will Refund Users | International Business Times

Parsons Green Explosion: Uber Surge Pricing Began, But Company Will Refund Users | International Business Times

Some U.K. Uber users complained on social media about price surges during the attack at Parsons Green station in London on Friday. However, the company quickly turned off the increase in prices and promised users in the affected area a refund. … Its worth noting that one of the tweets was from a person going […]

Ridesharing Program Under FBI Investigation | PYMNTS.com

Ridesharing Program Under FBI Investigation | PYMNTS.com

Uber is the focus of a federal investigation in New York as authorities determine whether the ridesharing company used software to interfere illegally with its competitors. The Wall Street Journal reported on the investigation, citing sources familiar with the process. The probe, led by the New York office of the Federal Bureau of Investigation (FBI) […]

Uber introduces new UberFLASH and UberTaxi services | Digital News Asia

Uber introduces new UberFLASH and UberTaxi services | Digital News Asia

UBER Malaysia has introduced two new services, UberFLASH and UberTaxi to its users in the Klang Valley. Under the new UberFLASH service it will connect riders with the closest drive-partner to them be it an UberX or taxi. The second service, UberTaxi, on the other hand, will allow riders to specifically request for a metered […]

Uber explains price hike during Merseyrail strike – and how you can get cheaper fares | Liverpool Echo

Uber explains price hike during Merseyrail strike – and how you can get cheaper fares | Liverpool Echo

Uber has explained why its prices surged this morning – after the ECHO discovered fares had gone up dramatically during the Merseyrail strike . We were quoted a price of up to £24 for a 4.3 mile journey – as Uber admitted its fares “were a lot higher” today, with rail services hit by strike […]

Sorry, Ald. Beale. Regulating Uber and Lyft surge pricing would hurt consumers. | Chicago Tribune

Sorry, Ald. Beale. Regulating Uber and Lyft surge pricing would hurt consumers. | Chicago Tribune

On the morning of Aug. 15, thousands of Red, Brown and Purple line commuters were left stranded after a dead body was found on the elevated tracks near the Fullerton station. Those who were able to summon Uber or Lyft cars on their smartphones were, in some cases, reportedly charged more than $100 for rides […]

True price of an Uber ride in question as investors assess firm’s value | Reuters

True price of an Uber ride in question as investors assess firm’s value | Reuters

RECKONING SOON? Uber’s losses stem from its drive to win global market share at almost any cost. That strategy was built on the assumption that Uber could achieve a dominant position in many big cities quickly and eventually raise prices. Kalanick himself said low fares were temporary. But eight years in, the strategy is now […]

Try as it might, LTFRB can’t repeal the law of supply and demand | Rappler

Try as it might, LTFRB can’t repeal the law of supply and demand | Rappler

Regulating ‘surge pricing’ Market prices orchestrate the decisions of consumers and producers. In the case of Uber and Grab, riders want to hail vehicles when prices are low, while drivers want to ply the streets when prices are high (or “surge”). Governments worldwide are particularly keen to regulate “surge pricing.” It is often taken as […]

How ‘Gaming’ the System Helped This Business Get Thousands More Customers | Entrepreneur

How ‘Gaming’ the System Helped This Business Get Thousands More Customers | Entrepreneur

Sometimes it’s busy, sometimes it’s slow. Such is the nature of running nearly any kind of business. Off-season lulls seem to drag on forever, and bad weather causes customers to change their plans and spend their dollars elsewhere. Simply offering a coupon, sale, matinee price or happy hour doesn’t always cut it. Even dynamic, demand-based […]

Soon, new fares for cabs | Bangalore Mirror

Soon, new fares for cabs | Bangalore Mirror

The transport department is making one more attempt to fix minimum fare for taxis operated by the taxi aggregator. A proposal will be sent to the state government in this regards. Transport commissioner B Dayananda claims the proposed fare structure would end the practice of surge pricing and peak time pricing by the aggregators. This […]

Uber drivers gang up to cause surge pricing, research says | The Telegraph

Uber drivers gang up to cause surge pricing, research says | The Telegraph

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 […]