Sergio A.
@sergioaved
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Professional Stock Trader, PGA golf instructor, blogger, senior contributor for RSG,
Los Angeles, CA
Joined July 2019
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For your weekend viewing pleasure, for the beginner, intermediate and advanced traders, this is Gold. Part I of my interview an Armenian brother of mine from another mother
@JackBouroudjian
, I will post part II tomorrow.
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The Swiss regulators of Geneva said Friday it had classified ride-hailing giant Uber as an employer, ordering a halt to its activities unless it pays the social charges for its drivers.
Got to pay the piper!
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Many thanks to
@MorePerfectUS
@ericgardner0
@chrispza716
for giving
@uber
@lyft
drivers around the nation a voice, could not be more proud of the drivers who showed up that day. We will definitely break all this down tomorrow on SMTMC
@TheRideshareGuy
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@market_sleuth
New ATH fake breakout coming, like the bear trap set at 510 this will be a bull trap, also notice the shrinking volume on this up move, I have a negative bias but can't argue with price action
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Day 6 of my personal BOYCOTT of
@uber
, I will not give Uber override permission over all other apps on my phone. I've discovered more evidence that I was lied to, this is not a small pilot as indicated. This has been going on for over a year and it's nationwide! Uber has 33k
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Day 2 of my personal BOYCOTT of
@uber
as a driver and consumer. This is the most egregious WTF moment in 9 years I've been on the platform. So blatantly anti-competitive and privacy-violating that I will not drive until I'm allowed to go online without overlay permission. Join me
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I feel it, momentum is a powerful thing! We've proven algorithmic discrimination for Rideshare drivers, certainly will do so again in the near future!
@doctorow
@bcmerchant
@NSheidlower
@RebeccaBellan
@uber
@lyft
@MorePerfectUS
@DoorDash
@FTC
@veenadubal
@lenshermanCBS
With a 5-0 unanimous vote, FTC launched a 6(b) study issuing orders to 8 middlemen companies to understand how surveillance pricing works as companies are increasingly using troves of data & algorithms to determine different prices for different people: /1
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@linakhanFTC
@FTC
What about
@uber
@kyft
@DoorDash
? We've proven it in the past as published in LA Times, these companies are practicing algorithmic discrimination on both sides of the marketplace.
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My hat is off to
@lyft
@davidrisher
and the team for listening to the driver community! Hoping this is not just a pilot program and it's being rolled out nationwide! We talked about this during my SMTMC interview with him a few months ago
@TheRideshareGuy
channel!
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If you're going watch a single video this weekend, watch this please! Added bonus is that a favorite of mine and a former guest on SMTMC
@doctorow
talking about "ENSHITTIFICATION" Thanks to
@MorePerfectUS
for this content!
👇👇👇
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Great piece by
@Preetika_Rana
The gig is up, when demand slows down for $30 3 mile rides and $25 burritos, what is
@uber
@lyft
to do? Cut costs by lowering driver incentives, then they quit in massive numbers creating a supply problem, vicious cycle
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Uber to Quit Colombia After Judge Says it Doesn’t Compete Fairly
Where do they compete fairly? 😆
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Many thanks to all the
@uber
employees I met today in Los Angeles. They're listening to the SMTMC
@TheRideshareGuy
driver community and making positive changes which we summarized on our YouTube channel.
@dkhos
@carrolchang
@sachinkansal
@alixanfang
Liza Winship
Miriam Chaum
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Major change
@lyft
with upfront fares, thanks
@davidrisher
& team, it's a good step towards paying drivers for extra time on trips which go longer than the upfront estimate. We've been working on this for a while, I'm sure I won't get the credit but it's better than
@uber
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@isaaccp
@uber_trips
@TheSoulCab
I saw that, I feel horrible, I'm in touch with 2 drivers who are infected and one just got tested today, $uber isn't doing anything to help these people.
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More garbage by
@dkhos
, you're donating 1 million dollars in rides? NO, the drivers are donating their lives! They're using their cars, gas, insurance etc.
Get your own cars, put $uber employees in those cars and then we have something to talk about!
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Well, we're getting drivers more
@uber
cash! All you EV drivers owe me a beer when you see me. This one is for EV shaving when we discovered it in early 2023! Love what we're doing on SMTMC
@TheRideshareGuy
. Don't know how Uber PR will spin this but enjoy the cash!
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HARD PASS!
World has gone mad!
NO!
14 to 18 year olds to serve alcohol?
@RideshareRodeo
@LRBitisnot
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Our good friend professor Len Sherman
@lenshermanCBS
is back with another great article. I admit, it's long but every
@uber
driver should take the time to read this, please share/post on your social media!
👇👇👇
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Can anyone at
@uber
answer this? Same pick-up, same drop-off, two phones side by side, same time of the day, same passenger, one driver receives $5.47 the other $10.10 for the same job!
@veenadubal
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This is the result of the BURN & CHURN model of
@uber
@lyft
. Yearly pay cuts, lowered incentives, safety issues are why veteran, professional drivers are quitting and getting replaced by migrants mostly, resulting in lower car, driver and service quality! RIDER education is key!
Am truly exhausted with no longer having the ability to converse with
@Uber
drivers in basic English:
Early morning flight and I’m running a tad late. I get into my Uber who doesn’t speak English and he can’t read the word “start” on the app so therefore doesn’t click it and
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Uber announces deeper push into financial services with Uber Money
Here come payday loans for drivers, how can they suck more blood out of the rock?
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This is a must read for every
@uber
driver. Professor Sherman
@lenshermanCBS
has been an avid supporter of SMTMC
@TheRideshareGuy
. We're lucky to have him on as our guest next Tuesday on Episode
#86
for a deep dive on his latest piece
@Forbes
👇
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I just got this in app message from
@uber
, I'm sure many have, talks about distracted driving and they wanted me to watch this video. Uber, the biggest distraction is the FOMO TRIP RADAR that I get constantly pinged with where all garbage trips go to die! Seriously?
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Another great piece by
@TylerSonnemaker
of BI
$Uber promised to pay drivers who couldn't work because of the coronavirus. But drivers say Uber has been closing their accounts after they seek sick pay, and then ignoring or rejecting their claims
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This is why the US is the greatest country on earth. Pictures are worth a thousand words! We did a livestream from the Los Angeles Rideshare driver protest at
@uber
hub
@TheRideshareGuy
channel that was watched by over 11k people! No bloodshed!
@legendarymo
@_drivers_united
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It's finally over, after 2 years of perseverance
@TheMulda
and hard work
@OmarFatehMN
there is a deal at the state level that will keep
@uber
@lyft
in MN. $1.28 a mile/$.31 a minute are the rates starting 1/1/25 + other driver protections.
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Here's an
@uber
driver gunned down and killed while on a trip as the Riders were the target of another gang. Please, help his family by donating to their Go Fund Me page. This is happening way too often these days!
👇
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Great article by
@jackiedavalos1
about the power of the algorithms on so called IC rideshare drivers. The endless carrot and the stick tactics
@uber
@lyft
deploy. Freedom and Flexibility doesn't pay the bills, drive smart not hard and be safe out there
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Gig workers pose a clear danger where the continued spread of covid-19 is concerned. Drivers who are often uninsured and can’t afford not to work in spite of the risks, $uber CEO
@dkhos
has apparently washed his hands.
Pushing agenda at a time of crisis?
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Uber's lawsuit against New York City has been dismissed
Uber tried to prevent NYC from limiting the number of vehicles allowed.
Is $uber running out of drivers? No more oversaturating the driver pool
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Interesting article by
@Ben_Wray1989
I listened to the
@uber
earnings CC last week, I caught that right at the end. We have proven algorithmic wage discrimination multiple times, our findings were published by
@bcmerchant
in the
@latimes
@lenshermanCBS
👇
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@GigWorkersRise
@rothwell_scott
Yeah, $uber just announced up to 14 days of compensation in case a driver gets diagnosed with COVID19, do they think this is a common cold? Guaranteed suspension of account for months if not deactivated
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I just paid 7 a gallon for gas in L.A.
Uber X per mile/minute driver pay history:
2013 $2.25/40
2015 $1.10/28
2017 $.90/18
2019 $.60/21
2022 $.60/21
Enough said
@uber
@lyft
@dkhos
@johnzimmer
@logangreen
I guess drivers are immune to inflationary pressures, they're ICs allright
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🧵 Day 3 of my personal BOYCOTT as an
@uber
driver and a consumer. I will not allow the Uber app override permission over all other apps, not just gig apps! If Uber was so interested in controlling my phone, they should provide me with one with only the Uber app installed, just
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Looks like
@Uber
would like more control over my personal cell phone by overriding other apps in use to feed me trip requests. Stop treating me like an employee and then call me an IC! Can't go online until I change the settings, is this even legal?
@veenadubal
@daveyseligman
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Day X (10) of my personal BOYCOTT of
@uber
, still no resolution. Do they expect me to give up on this and use one of my get arounds and drive? Do an app update, give us a toggle switch and give millions of Android users the choice!
@dkhos
@FTC
@USDOL
@jacobzinkula
@NSheidlower
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@MaryAnnAhernNBC
@harrisonjaime
@DNC
@Uber
Just the same scare tactics playbook deployed in CA before during the prop 22 campaign, Uber has raised fares on pax by over 50-60% since 2019 in a race to become profitable, not buying any of this.
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According to the amazing Cory Doctorow
@uber
is in the ENSHITTIFICATION phase,
@doctorow
was one of our most popular guests on SMTMC
@TheRideshareGuy
, we will definitely have him back!
👇👇👇
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Perfect example of the utter garbage drivers receive as requests and are expected to earn in the gig economy. Sure it's flexibility and freedom which don't pay the bills! The gig is up
@uber
@lyft
@UberEats
@DoorDash
, the best of algos can't squeeze blood out of a 💩 business!
@dkhos
@Uber
@GovRonDeSantis
@LoisFrankel
@RepMattGaetz
@RepLuna
so 52 miles 2 deliveries 1 hour each way for 8 dollars .. this is all day every and this shouldn’t even be allowed. It’s time states get involved with this
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Today
@uber
wouldn't let me go online until I agreed/signed the new addendum to the TOS which is regular procedure. I ask the CPUC
@californiapuc
this question. If drivers are not allowed to give rides to unaccompanied minors according to the CPUC, how is Uberteen allowed?
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My sincerest thanks to the CEO of
@uber
Dara Khosrowshahi
@dkhos
for his generous donation to the murdered Portland Uber driver Joshua Kelvin's Go Fund Me page. Please, follow his lead and help this family!
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Deja vu, this
@lenshermanCBS
@Forbes
article went viral for about 24 hours on Monday, then it was taken down, now it's back! Professor Sherman will be our guest on SMTMC live
@TheRideshareGuy
YouTube channel Tuesday, Dec 19, at 3pm PST (6pm EST), join us!
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Congrats to all my brothers and sisters on wheels in Minneapolis.
@TheMulda
Here's what the drivers will get! Open invitation to
@MayorFrey
, MULDA and
@OmarFatehMN
as well as
@JGoldny
of
@Uber
and
@lyft
to appear on SMTMC
@TheRideshareGuy
! Willing to talk to all stakeholders!
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8
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Ok, it's about time! Algorithmic discrimination is alive and well for drivers and riders of
@uber
@lyft
, we've proven it in the past, I'm sure we'll do it again soon! Stay tuned!
@bcmerchant
@doctorow
@RebeccaBellan
@NSheidlower
@veenadubal
@FTC
1. Firms harvest a trove of Americans’ personal data, from your browsing history to your biometrics. Now firms could be using this data to target you with an individualized price.
Today
@FTC
launched an inquiry into these surveillance pricing tactics.
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Uber shuts downtown L.A. office, laying off about 80
Without advance notice, staffers were informed Thursday their jobs would be shifted to a large customer support office the company maintains in Manila
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I get asked by
@Uber
for a verification selfie sometimes twice a day, great, no problem. How about they do the same for the rider at least once a week in the most selfie happy society on the planet. Drivers are begging for safety!
@veenadubal
@torstenkunert68
@Econ_Marshall
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Why was AB5 needed? $uber X started in Los Angeles on July 4th 2012. There was a $5 base fare and drivers got paid $3.25 a mile. It's 7 years later and drivers in Los Angeles get paid 60 cents a mile and face this picture 24 hours a day!
@dkhos
@johnzimmer
@LorenaAD80
@nicoemoe
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This is a must read article by Cassie Sheets
@insurify
especially
@uber
@lyft
drivers. We've been pounding the table about driver earnings not keeping pace with inflation on SMTMC
@TheRideshareGuy
. TNCs must think Rideshare drivers are immune to inflation
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1
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Day 7 of my personal BOYCOTT of
@uber
There may be a resolution to this if Uber engineers were to do some trips and multi-app like I do as opposed to writing some code and unleash it on the driver community. I'm not asking for much, I just want drivers to have the choice to give
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Listen to him carefully, pricing algorithm working city by city, driver by driver, rider by rider. I said this a couple of years ago,
@uber
asymmetric information advantage at work, but now with all due respect, pricing algos are broken for the driver!
👇
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9
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🧵 I've been on the
@uber
platform as a Driver and Rider for 9 years. On many occasions, Uber won't let me Go Online for an update in the TOS until I agree to it but this is the biggest BS I've encountered yet as a so called Independent Contractor! I'm forced to allow Uber 🧵
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5
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Day XI of my personal BOYCOTT of
@uber
. I know who can take care of this at Uber but it seems like my request for a quick resolution is falling on deaf ears! Am I going to give up? 4th of July coming up! It's one of the busiest and most lucrative days of the year to drive!
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5
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From the
@TheRideshareGuy
crew, we want to thank Mr. David Risher
@davidrisher
the CEO of
@lyft
from for being our guest on SMTMC. 30 minutes flew by, it was a great conversation. As a drivers' advocate, I hope we can work together and help Lyft succeed.
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The wonders of the
@uber
upfront fares algorithm. Surge used to be and is supposed to be in addition to the Fare, not Fare replacement! Both TNCs are guilty as charged! Can you spell Base Fare SHAVING? It's been going on since Upfront Fares started, time to put an end to this!
CAUGHT: Surge shaving.
Two rides. Moments apart.
Base fare on the first one is $5.35 for 20 minutes and 9.7 miles.
The second one shows how similar length ride is normally priced. It’s actually far fewer miles at 5.8 for $3.45 (64%) more.
So, let’s assume base fare for first
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@busblog
@rgay
@lyft
@TheRideshareGuy
Possibly, however
@lyft
can track the driver down easily and at least bring closure to this, they have the data!
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Long but a definitely a worthwhile read by
@laurensmiley
of
@WIRED
on how one person become a fake
@uber
@lyft
@doordash
driver account factory. We've been talking about this for months on SMTMC
@TheRideshareGuy
. As big as a problem ever!
👇👇👇
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If this is verified that a current
@uber
employee posted this, he should immediately be released of his duties. What say you
@uber
? Is this the next TK moment when over 300k consumers deleted the app overnight, the damage this could do to the brand is immense.
Meet Eric Cartrite, a Senior Program Manager at Uber. He’s very sad that the sh**ter missed and hopes an attempted ass*ss*nat*on happens again and is successful.
.
@Uber
, any comment?
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27K
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This is a must read, a damning OpEd regarding the new deal struck by the Minnesota legislators and
@uber
@lyft
. We did look under the hood as well on SMTMC
@TheRideshareGuy
👇👇👇
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Something is very wrong in
@lyft
land
@davidrisher
this is either a massive national algo fail or taking us back to the ice age. I'm getting reports from CA, Orlando, Boston and Baltimore so far the last 5 minutes! Tired of playing pro bono Lyft support! No Upfront Fare shown?
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You go
@veenadubal
Keep up the good fight, TK or
@dkhos
no difference, they are morally bankrupt people, they're trying to protect billions in stock equity earned on the back of drivers by any means possible!
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4
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Good article
@RebeccaBellan
of
@TechCrunch
on
@uber
teen. I tweeted about this flawed product enough over the past 6 months tagging
@californiapuc
I believe all drivers transporting kids/teens should be fingerprinted like
@HopSkipDrive
care drivers are
👇
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5
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Here's the problem with Upfront Fares
@lyft
and
@uber
, Rideshare has become a charity now. I do not want to drive 100 yards or an extra minute without getting compensation. With the old rate card, this would not happen! BS! Talk about time and mileage SHAVING!
@FTC
@USDOL
So as if the pay isn’t bad enough, Lyft thinks it’s OK to steal driver’s time. Let the text messages speak for itself. I accepted an UPFRONT fare of $22 for 27 minute trip then this happened. I didn’t not “accept” UPFRONT fare of $22 for 42 minute. So how is it there is no fare
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Day 5 of my personal BOYCOTT of
@uber
. I've made a video on how to get around the problem. Bandaid not a solution. One can also download a previous version of the app or have 2 phones! Drivers are a creative bunch!
👇👇👇
@dkhos
@FTC
@USDOL
@jacobzinkula
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7
22
Can anyone
@uber
answer this? The $1 per trip EV credit for drivers truly $1? Or is the Upfront algorithm shaving 20 cents or more by lowering the base fare for the exact same trip, time and circumstances? Truth In Advertising laws? Phone on the far right is a Tesla driver!
👇
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4
23
Ball is on
@uber
and
@lyft
court now! Will Mayor Jacob Frey
@MayorFrey
veto the ordinance? Are there enough votes to override it? I'm told there are! April 1 is the day TNCs said they would leave!
👇👇👇
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@CapitalPrivate1
@NorthmanTrader
Fair value left the building long time ago, definitely by 2008
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I wonder if the Riders know what the driver gets paid on these trips when they at least are forking out $8 to $10, I am all for legislation for full transparency where both parties the Driver and the Rider are told the transaction values. Since pricing on both sides of the
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6
22
Can some others confirm this? First the drivers got punched in the face when
@lyft
eliminated Lux, now this? Is Lyft handing all the high end business to
@uber
David? This does not make any sense to me! All the drivers with black high end cars are screwed!
@davidrisher
wtf Lyft now you’re taking off other option first. It was lux now it’s the black SUV on my model Y every day that passes Lyft is just getting worse. What’s going on?
@davidrisher
@sergioaved
@chrispza716
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21
Happy 4th of July to all my brothers and sisters on Wheels from
@TheRideshareGuy
. Thank you for all the support, the community is getting stronger daily.
BE SAFE OUT THERE!
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2
21
Here's the full segment from SMTMC 102
@TheRideshareGuy
with the amazing Cory Doctorow
@doctorow
on ENSHITTIFICATION of
@uber
@lyft
and the Internet! We will have him on as a guest again after his book tour!
👇👇👇
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For now, $uber and $lyft drivers seem to be focusing on just getting through coming days and weeks. But the coronavirus has brought painful clarity to the tech sector’s pervasive inequality
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@apacho_ee
@TriggerTrades
@korinek_trades
Correlation between QE and market trends is uncanny, is this the first time they decouple?
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5
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Uber's CFO says its ridership has tanked by as much as 50% in cities hit hard by the coronavirus.
If he's saying 50% its more like 80%, how long will the cash in hand last? End of 2020?
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First video dropped on the new channel. My goal is to educate, inform as well as practice effective altruism. There will be livestreams, steady content, please subscribe!
@chrispza716
is my channel manager, I trust that we can count on your support!
👇👇
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