08 Jan '16, 1am

#Ridesharing service Uber's greed-driven approach to price gouging customers exposed on NYE:

Uber's Price Gouging Reaches Obscene Levels 07 January 2016 | NSW Taxi Council The NSW Taxi Council today condemned ridesharing service Uber for its greed-driven approach to price gouging customers throughout the busy Christmas-New Year period. CEO of the NSW Taxi Council Roy Wakelin-King said, “In the week since New Year’s Eve, staggering stories of blatant price gouging by Uber have reached the headlines”. “The stories have almost been unbelievable as the amounts of money have become public.” “It is truly outrageous that Uber profits increase each time surge pricing is triggered, often to the tune of hundreds of dollars per transaction,” he said. The NSW Taxi Council has produced a table of the cost of Uber’s surge pricing compared to the equivalent regulated taxi fare and also how far a passenger could have travelled on a holiday/overseas trip instead of paying Uber’s s...

Full article: http://www.nswtaxi.org.au/news/ubers-price-gouging-reache...

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