A review of 14,756 rides found Uber and Lyft taking a much bigger slice of drivers' fares than they say they do
A Jalopnik analysis of 14,756 ride fares from Uber and Lyft drivers found the ride-hailing apps to be taking a bigger bite out of drivers' fares than they say they do.
The amount of money Uber and Lyft skim off drivers' fares is referred to as the "take rate," and it has been a point of contention in the past as drivers have protested their pay as inadequate.
Jalopnik asked Uber and Lyft drivers to either fill out forms where they could break down fares from a single ride or to send emails with data from all of a driver's fares over a given time period. It found:
For Uber, the 35% take rate that Jalopnik found was more than 84% higher than the number the company gave in an earnings call earlier this month. The 35% figure is close to the finding of a study last year by the Economic Policy Institute, which said Uber skimmed about 33% off of its drivers' fares.
Read more: I'm a driver for Uber and Lyft — here are 10 things I wish I knew before starting the job
Both Uber and Lyft disputed Jalopnik's findings, saying the sample size was too small to be representative. Both declined to provide Jalopnik with statistically significant datasets.
Jalopnik acknowledged that 14,756 represented only a tiny fraction of the millions of Uber and Lyft trips made each day. An Uber spokesman said roughly 15 million Uber rides took place every day worldwide. Jalopnik also conceded that there might have been selection bias for drivers unhappy with the cut being taken out of their fares.
Uber and Lyft were not immediately available for comment when contacted by Business Insider.
Original Source: http://businessinsider.com