The latest Uber scam adds an injury to investors' injury after a loss of $ 1 billion



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By NCC: As expected, Uber's earnings report revealed a quarterly loss of $ 1 billion. Management must find a way to fool drivers to generate more revenue for the carpool game as traders are eager to reduce inventory.

Uber does not care about his drivers

Uber has never been kind to his staff. Rideshare effectively removes equity from the driver's vehicle by accelerating depreciation through increased use, while Uber deceives people by allowing them to monetize their wheels.

The carpool company promised annual pie-in-the-sky profits and set up drivers with rotten auto financing. Uber has managed to make sure that the suckers drive for a crummy net hourly wage.

Uber's results report shows that it has to subsidize all journeys in order to be able to screw the lowest paying drivers as it tries to gain market share. Gene Munster, from Loup Ventures, explains in the CNBC clip below:

Uber is the estimated loss in its first report since it went public. @LoupVentures& # 39; Gene Munster gives his $ UBER Evaluation pic.twitter.com/nTObVEUm5V

– CNBC Fast Money (@CNBCFastMoney) May 30, 2019

The Uber-Fair scam

Now comes the latest Uber scam. It's like Lyft, but in collaboration with one of the worst companies in the world: Fair.com.

The scam: Uber-Fair drivers get a car at Fair.com for only $ 185 / week. These fees are refunded if the driver makes 70 trips / week.

Except that we can get a Fair.com car for $ 185 /month and drive Uber without having to hit the minimums. Although start-up costs ranging from $ 700 to $ 1,000 are allocated, this amount can be amortized over two years for a total payment of $ 225 per month.

It's a stupid deal that will not help Uber report his income next time and even fooled guru The Rideshare Guy:

This is not even the worst of the Uber-Fair scam.

Fair.Com has the worst customer service in history

Fair.com's customer service is literally the worst I've encountered in my life.

Their "janitor" has always kept me for an eternity. I generally gave up, preferring not to break down into a skeleton waiting for them.

The chat feature on their app usually had a waiting time of 20 minutes or more. Their booster technology has never worked.

The representatives were still incompetent and unable to solve my problem. I would be fired elsewhere, which would require me to wait even longer and the problems would still not be solved.

MyFair.com Car Was Complete S ** T

When I recovered the vehicle, the tires were bald, the car needed $ 125 in repairs and there were scratches. The dealership representative could not have worried less about it.

I was told that I could return the car within three days. But when it was said that more than three days had pbaded.

I sent letters to the COO that never responded.

I found a secret email address where the problems are solved: [email protected]

You do not want any part of this "case" of Uber, nor a car from Fair.com.

The feather birds of a feather obviously bademble together.

Again, there is no surprise.

Uber owned Fair.

Disclaimer: The opinions expressed in the article only commit the author and in no way represent those of NCC.

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