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I dive into the surprising costs associated with a recent Uber ride. One passenger was charged $13 for commercial auto insurance on a five and a half mile trip, which accounted for 46% of his total $29 fare. As the driver, I only earned $9 from the ride, with no surge pay or additional incentives. Find out how Uber’s algorithm impacts both passengers and drivers, and how the company still turns a profit under these circumstances.
00:00 Unexpected Insurance Charges
02:14 Driver’s Earnings Breakdown
02:23 Algorithmic Pricing
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