In San Antonio.
Drivers with the ride-sharing company, Uber, are showing their displeasure after recent rate decreases by staging a protest. Drivers say the company has cut rates from $1.20 per mile to just 90 cents a mile.
The company has released the following statement:
“A discounted trip means more people can get from A to B with ease, which means more trips take place and driver partners gain more business. While the price cut has only been in effect for a week here in San Antonio, demand has already spiked by over 30 percent.
We’re so confident in the earnings gains drivers see that we’re making 24/7 incentive guarantees in San Antonio to put drivers at ease. And if they’re not busier, prices will go back up again.”
But drivers with the company say Uber has also raised their take of profit from 20% to 25%. The company has said they are confident the low prices will bring in more business.