Friday, 2 September 2016

Uber generated almost $500 million from 'safe rides' fees

Uber generated almost $500 million from 'safe rides' fees

Uber's introduction of a "safe rides" fee years ago drew the ire of customers upset that they had to pay a fee for their safety. But for Uber, it was clearly cash cow, generating $449 million in revenue over the last two years, according to a report from Bloomberg. The number comes to light only after Bloomberg's Joel Rosenblatt spotted the figure in an improperly redacted court filing. Uber declined to comment.
Read more: http://www.businessinsider.com/uber-449-million-safe-rides-fees-2016-8?source=Snapzu

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