The international rideshare giant has agreed to the payout to compensate Australian taxi and hire car drivers, operators and licence holders for losing income and licence values when it moved into the Australian market.
8’000, 272 Million… So 34’000 AUD for each of them. For the losses over at the very least 5 years. So at most 6’800 per year. Sounds like nothing really. How much is Uber making in the same period?
I guess the question is, what were the average damages to Australian cabbies?
Australia’s cab industry is not like the cab industry in Uber’s home country.
Last time I was in Australia, I still saw a shit load of cabs. In many American cities there are only a few dozen cabs around. Uber easily squashed the cab industry in the states because the alternative passenger experience wasn’t even close.
8’000, 272 Million… So 34’000 AUD for each of them. For the losses over at the very least 5 years. So at most 6’800 per year. Sounds like nothing really. How much is Uber making in the same period?
I guess the question is, what were the average damages to Australian cabbies?
Australia’s cab industry is not like the cab industry in Uber’s home country.
Last time I was in Australia, I still saw a shit load of cabs. In many American cities there are only a few dozen cabs around. Uber easily squashed the cab industry in the states because the alternative passenger experience wasn’t even close.
Cabs had lobbied a highly profitable monopoly here, so any competition was a loss from their self assumed god given right to everyone’s wallet.
Don’t forget the ambulance chasing lawyers cut.
These guys advertise hard so I expect half of the award will go to them minimum.