Uber/Lyft margins

Amazon
Freyja-

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Freyja-
Mar 20, 2021 5 Comments

Seattle upped minimum wage to $16.69 recently which has doubled a lot of the ride shares I’ve tried to use. It looks like Uber and Lyft are trying to pass on the increased costs to customers, but I’m curious if their margins are tight enough they need to do this or they’re just trying to protect their bottom line.

Anyone in the industry know more?

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