Thursday, October 26, 2017

Uber Finally Sees Decline in Riders.... No Demand, No Surge Price


 Uber Passenger books second ride after first driver knocks down a motorcyclist. Amazingly, there were 5 Taxis opposite on the Paddington feed all with their light on. 

For all of Uber’s screw-ups, individually, none of them ever seemed to hit their bottom-line for money making. The self-driving cars running red lights didn't do it. The internal sexual harassment scandals didn’t do it. The fare manipulation and price gouging schemes didn’t do it. The monumental amount of road traffic collisions didn't do it. Surprisingly the increase in rapes and sexual assaults didn't do it.

Maybe it was a combination of all of the above, but something finally did it. According to CNet, Uber has experienced its first-ever decline in ridership, according to business travel expense accounting firm Certify.

“Whether it’s a reaction to the latest headlines or the introduction of new features like tipping, the power of consumer choice has become a major factor in travel and entertainment expense spending,” Certify CEO told CNet in a statement.

Certify only tracks business travel, by monitoring expenses and receipts. Uber’s not obliged to disclose their general ridership numbers across the board because they’re not yet a public company. But the business travel community is beginning to buck Uber, according to Certify data.


San Francisco, the birthplace of Uber the rideshare company has seen its largest decline with an eight percent loss of its business riders. The city may be home to massive corporations, but that doesn’t mean the residents have to be its pawns.

              Taxi App team at Olympia yesterday 


5 comments:

Airport Taxi, St Petersburg, FL said...

We notice increase in call volume year over year at Discount taxi in St. Petersburg, FL, though we wouldn't expect that part of this slow turn around? could be attributed to fall ridership at buber...

Anonymous said...

I'm surprised that the 'Investors' haven't 'pulled-the-plug' yet

Anonymous said...

Thing is I don’t care what anyone says it’s all about price people don’t like sitting in traffic watching a meter clock up I see it night after night people just looking at there phones waiting for there untrained driver to maybe arrive I said 5 years ago price match play them at there own game that would of been better play than at there own game but no we berried our heads in the sand and whe. Lyft come to London there will be to big players I’ve seen this in New York Lyft &uber Change there priceing only by a few dollars here and there but it works and sad to say the London cab trade is well and truly finished your probley saying I’m talking rubbish if no one is doing the Knolwedge and our numbers keep falling what’s going to happen anyone remember the 80s .

Anonymous said...

I don't think its just about the money...............here in Bristol I sit at Templemeads station with my colleagues waiting for fares while all around us Ubers drivers from all licensing authoritys circle like vultures waiting for their next pray.
In Bristol it seems mainly to be hipsters and students all gazing into their screens waiting for a ride to arrive, cost for most students here isn't a concern as the bill will be picked up by Daddy and I doubt many get to see the monthly bill, it also seems to be a mindset thing as no cash changes hands it's almost like your not actually paying for the "service"

Anonymous said...

here we go again,"lets put our prices down to compete"fine then lets get rid of the requirement for a taxi to be wheelchair accesable,also scrap the 25 foot turning circle,then we can drive a vehicle costing half as much,doing twice the mpg with pro rata maintenance rates,the tories sold off everything,gas ,electric,trains,water etc etc the profits went back into the economy,we,ve been sold out to uber and where did the back hander go?into certain tories back pockets