View Single Post
  #188   Report Post  
Old October 12th 16, 12:10 PM posted to uk.transport.london
Roland Perry Roland Perry is offline
external usenet poster
 
First recorded activity at LondonBanter: Aug 2003
Posts: 10,125
Default Is Uber Bleeding to Death?

In message , at 11:39:14 on Wed, 12 Oct
2016, tim... remarked:

What do you call the referral bonus, paid for by Uber not the
drivers, if not a subsidy to the drivers fulfilling those trips?


so when I get a 20 quid M&S voucher for recommending my insurance
company (whoever) to a friend, that is a subsidy, is it?


No, because the insurance company buys them in bulk off M&S (at a
discount because many get lost/thrown away). To bribe people to refer
insurance customers - it's not M&S bribing the insurance company £20 to
drum up more M&S customers.

Uber taxi drivers don't buy the £15 vouchers and hand them to potential
new customers (thus reducing their first fare by £15). That £15 is paid
by Uber HQ, and is therefore a £15 subsidy to the driver accepting the
voucher.

Promotional marketing models not your strong point are they?
--
Roland Perry