At this very moment Uber the ponzi scheme company is out destroying Taxi markets around the world. Ponzi scheme is a company that announces to double your money in 6months or 1 year. Uber is an ABSOLUTELY FRAUD COMPANY… announcing low prices and yet overcharging its customers… and defrauding its drivers.

UBER is tells its driver to get a minimum Rs8,00,000 (US$11,764) car then UBER pay them at the rate of Rs6 per km!!! … and then from their collection (not profit) take away 25%…WTF??!! 10% of operating cost is the profit what most taxi owners make after investing Rs800,000 now UBER wants to make more than what the taxi owners make without investing anything and also by reducing prices!!!

Passengers (riders) are paying more… while drivers are getting less for eg. people who were paying Rs 150 with local taxi are now paying Rs 500 with Uber while drivers find their income dropping. So where is the cash going?

Uber uses various techniques like Continue reading →