Study Reveals Uber's Use of Opaque Algorithm to Boost Profits
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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.
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