Last updated on November 11th, 2017 at 10:35 am
Uber’s Upfront Pricing system, under which they charge passengers in certain areas more, is helping their bottom line. Upfront Pricing, which has been in place since last year in some markets, also means they can take more than the 20-25% of a fare that Lyft takes as their commission. On many rides, Uber now takes 30-60% of the fare a passenger pays.
Source: The New York Times