Uber (UBER) announced that its board has authorized a share buyback program of up to $7 billion for the first time. Yahoo Finance Senior Reporter Alexandra Canal breaks the story down on February 14, 2024.
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If they have the money for that then those crooks have enough to pay drivers a living wage and for use of their vehicles and equipment.
Yeah, they have become profitable because they are paying such disgusting low fares like $5 to take someone’s order 8-9 miles, or $10-$14 to take some’s order 12-18 miles at times when traffic is the heaviest in L.A., and even when traffic is not heavy.
That all began to happen with UberEats and Door Dash over a year ago.
Bussines is Bussines, their main goal is to make money. That is how it always have been. If you dont like it dont do it, but as long as people work for that wage the wage is not going up. It is simple supply demand thing buddy.