Uber Accused Of Using Algorithms To Boost Profits At Drivers Expense
Uber faces new criticism because researchers at Columbia Business School released their second major academic report, accusing the company of using hidden algorithms to boost its profits by charging passengers more and paying drivers less. The study was first reported by The Guardian. Uber’s take rate increased from 32% to 42% in two years. Oxford study found Uber takes over 50% of some UK trip fares. Uber denies using personal data or unfair pricing practices....