Uber and Lyft, Minneapolis' only licensed rideshare companies, to pull out as new minimum pay comes into effect. Local startups, existing companies set to fill void.

IsThisAnAI , 2 months ago

Oh good back to taxis, that was fantastic 🙄

honey_im_meat_grinding , 2 months ago (edited 2 months ago)

Now they can set up a worker cooperative instead.

The Drivers Cooperative or Co-Op Ride is an American ridesharing company and mobile app that is a workers cooperative, owned collectively by the drivers.

The cooperative is owned by the drivers themselves, and takes 15% from each ride for business overhead costs, as opposed to the 25% to 40% ride hail apps like Uber or Lyft take per ride.

In addition to a larger percentage of the fees per ride driven, each driver as a part-owner will also receive a share of the company's profits after loans and other expenses are paid, in the form of weighted dividends.

The cooperative vets its owner-members further than what is already performed by the New York City TLC and gives a fixed price when a car is ordered and does not engage in surge pricing. [...] In 2021 that is $1.26 per mile which Uber and Lyft do not pay above; the cooperative pays a minimum mileage of $1.64. The cooperative intends to be able to set aside 10% of profits to community foundations and other non-profits and community organizations.

https://en.wikipedia.org/wiki/The_Drivers_Cooperative

MajorHavoc , 2 months ago

Both existing options suck. Good riddance.

Dear college student capitalizing on this for pizza money, I'm gonna use your app anyway from halfway across the county, and so will others.

That pizza is gonna come with a Ferrari, but your desktop is gonna melt.

Get plenty of sleep, don't take any of it too seriously, and don't accept the first buy-out offer.

Edit: And for Uber and Lyft, I'll just point to the sign, again:

"If you can't afford to pay a living wage in the community your're operating in, your company is a ponzi scheme."

For any shareholders reading along: "Sell Sell! Sell! You made a bad bet. Get your nickels out before they turn into pennies."

rockSlayer , 2 months ago

Bye. See you in a year when you pretend this never happened.

jonne , 2 months ago

I hope they're replaced by some sort of driver-owned app. There's no reason you couldn't build an app that does rides and handles payments and only take a 5% cut or even less.