Cab Hailing Service Uber Collected Just $9M of Fares During 15 Months In Boston

Posted by Unknown on Friday August 2, 2013 @07:10PM from the taxi-taxi-proven-more-effective dept.

curtwoodward writes "Uber, the well-funded startup that hails cabs and black cars with a smartphone app, is a pretty slick way to book a ride. But how competitive is Uber with the traditional, highly regulated cab market? According to results from the startup's move into Boston, not very. Figures released in a court case show that, over 15 months, Uber processed just $9 million in gross fares (the drivers get most of that). Meanwhile, Boston's overall cab industry is pegged at doing about $250 million a year in fares. Despite the publicity, Uber still has a long way to go."

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Re:Not pointless at all... by Joining+Yet+Again · 2013-08-02 22:31 · Score: 0, Flamebait

I sometimes forget I'm on an American site, then I read stuff like, "The caller should be able to sue because the cab company lied about the cab arriving," and I'm reminded again.
Company isn't delivering? Find another. Lodge complaint with regulator. But sue?!