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posted by martyb on Thursday May 23 2019, @09:04PM   Printer-friendly
from the we`re-all-on-break-and-then-we`re-not dept.

Uber drivers working at Reagan National Airport have found a way to increase their revenue by taking advantage of the "surge" pricing algorithm used by the app. By logging off and making themselves scarce as a plane full of potential riders arrives on the runway, the sharp change in the supply vs. demand of drivers and passengers causes fare prices to rise automatically. The drivers can then sign back in and snap up these gigs while the higher prices remain in effect.
https://www.zerohedge.com/news/2019-05-20/uber-lyft-drivers-game-surge-pricing-reagan-national-airport-synchronized-scheme


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  • (Score: 2) by rigrig on Friday May 24 2019, @02:48PM

    by rigrig (5129) <soylentnews@tubul.net> on Friday May 24 2019, @02:48PM (#847091) Homepage

    surge pricing (...) does not work the way the theory claims it would.

    That depends on which theory.

    My theory is "pretending surge pricing aims to increase the number of available drivers is a great way to overcharge customers without people complaining too much."

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