[s1artibartfast]

100M on 52 billion revenue is 0.2%. Net income of 1.5 billion is about 3% of revenue.

> If someone could run and popularize an open ride platform, that quarter billion would go somewhere else, maybe to the drivers, maybe to the riders.

So if you found an equally effective management team that worked for free, you would save the customer about 1% at checkout. That is a tiny benefit, even granting the massive assumption.

Those numbers suggest a competitive environment with small profits, not an abusive monoply exploiting it's position.

[kshacker]

100M is only 5 people. You add to the entire corporate paraphernalia, we will be looking at a lot of money.

There was this story I was reading yesterday, here or reddit, where a driver got $27 for a $65 (or so) ride. That is a horrible markup. The driver is not happy, but if the driver can survive for $27, we (the people) should be able to figure out how to charge $40 for the ride. Not saying it will be easy with the entrenched interests and the for-profit goal of our country, but still ... the markup seemed obscene when I read it.