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Uber Collected Just $9M of Fares in 15 Months in Boston, Barely Denting Cabs

curtwoodward (2147628) writes | about a year ago

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curtwoodward (2147628) writes "Uber, the well-funded startup that hails cabs and black cars with a smartphone app, is a pretty slick way to book a ride. But how competitive is Uber with the traditional, highly regulated cab market? According to results from the startup's move into Boston, not very. Figures released in a court case show that, over 15 months, Uber processed just $9 million in gross fares (the drivers get most of that). Meanwhile, Boston's overall cab industry is pegged at doing about $250 million a year in fares. Despite the publicity, Uber still has a long way to go."

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