Uber: Ride-Hailing
Company Announces Price Cuts for More Than 100 Cities
Uber announced lower prices for U.S. and Canadian cities in a blog post on Friday. The company said it would begin reducing prices Saturday due to lower demand caused by “the winter slump.”
Uber announced lower prices for U.S. and Canadian cities in a blog post on Friday. The company said it would begin reducing prices Saturday due to lower demand caused by “the winter slump.”
The company did not name
the cities which would see prices drop. It is the third year Uber has cut winter fees to stimulate
demand.
The business said prices
will rise again if the move fails to attract more customers. In previous years,
the company has rolled back price cuts in Charlotte, North Carolina, and
Seattle after determining their ridesource prices were low enough.
The cuts won’t affect
drivers, according to Uber.
“We are guaranteeing
earnings for drivers to ensure that no one is disadvantaged,” the company said.
Source : Uber
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