Today we have a guest post from RSG reader Ray Ruecker about the future of Uber and a possible theory as to how their latest fare cuts tie into a possible IPO.
If you’d like to guest post on RSG, please send me an e-mail with a topic or two in mind and we’ll take it from there.
Ray Ruecker from Kansas City here. By day, I’m Director of Sales for a technology company, by night I’m a rideshare driver. And here’s how it all started:
In July of 2014, I sold my car on Craigslist. The following week I had lunch with a friend and she told me how she was making money part time driving nights and weekends with an app called Lyft.
I downloaded the app and was instantly hooked. I started driving for Lyft in August 2014 and then for Uber as well in September.
From August to December I averaged about $1200 a month and it was perfect for my lifestyle and and a great part time job. I didn’t think much about the 1st rate decrease.
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But then the 2nd rate decrease hit and while I wasn’t thrilled I think I know why fares dropped again. [Read more…]