Study Reveals Uber's Use of Opaque Algorithm to Boost Profits
By
c420
11mo ago· 4 min readenNews
90/100
Golden Brown
Bagelometer↗
A five-star bake. Worth schmearing, sharing, saving.
Score90TypenewsSentimentnegative
Summary
A study by New York's Columbia Business School accuses Uber of using opaque algorithms to increase profits by implementing algorithmic price discrimination, raising fares and cutting driver pay on billions of trips.
Key quotes
· 2 pulled"Algorithmic price discrimination" raised rider fares and cut driver pay on billions of trips.
The research is based on an analysis of tens of thousands of trips and over 2 million data points.
US academics say computer code systematically raised fares at expense of drivers and passengers
