Beautiful Virgin Islands

Tuesday, Jun 24, 2025

Uber CEO insists drivers are getting 'higher cut of the fare hike' amid criticism over price increases

Uber CEO insists drivers are getting 'higher cut of the fare hike' amid criticism over price increases

Uber CEO Dara Khosrowshahi confirmed fare hikes in wake of pandemic

Uber CEO Dara Khosrowshahi responded to criticism of the company’s recent price hikes.

Khosrowshahi confirmed that customers are likely paying more for Uber rides after months of complaints circulating about unusually high wait times for rides and a surge in cost, but insisted its drivers are getting a higher cut of the fare hike, he tweeted Friday.

"Yes, you are probably paying more for rides, but drivers are getting a HIGHER cut of the fare hike," Khosrowshahi tweeted.

Hailing a ride has become more and more expensive for consumers in recent months as Uber and competitor Lyft deal with driver shortages stemming from the height of COVID-19. Prices for rides have spiked 40% nationwide, according to data from Rakuten. Cities like New York, Los Angeles and Chicago have been impacted in particular.


Harry Campbell, founder of The Rideshare Guy, a website for Uber and Lyft drivers, attributed the driver shortage to many still getting hundreds of dollars per week in unemployment, more than they would make driving, and noted that some drivers may still feel uncomfortable being in confined spaces with passengers during the pandemic.

Campbell also suggested that drivers are opting to work for third-party delivery services like DoorDash, Instacart and Uber Eats instead, where they have less interactions with customers and the pay is similar to what they'd make with rideshare companies.

"It will be some time before things get back to normal and there's going to be a reckoning this summer as many passengers start to travel and there is nowhere near enough drivers," Campbell told FOX Business in an email.

"I know that I'll be asking a family member to take me to the airport next time I need a ride instead of relying on Uber and Lyft and I've heard similar sentiments from many other passengers," he continued. "The services aren't nearly as reliable as they used to be and until drivers get off unemployment and hit the road again, customers should look to alternative methods of reliable transportation."

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
×