UBER has 8000 Drivers?

UBER has 8000 Drivers?

While out talking to the drivers today a driver mentioned that UBER had 8000 drivers in Illinois at their disposal.  I’m not quite sure if that number is correct but knowing how the economy in Illinois is and the unemployment/under-employment these numbers are feasible.   There are Approximately  13 Million residents in Illinois, 9.5 million of those resident live in the Chicago metropolitan area (Including suburbs).

Just for the heck of it I would like to look at how these potential 8000 drivers impact UBER’s bottom line.  This scenario is just an exercise obviously there is more to it than just these numbers.

So Hypothetically speaking:  If each driver paid a monthly fee of $43.33 per month for the device subscription fee and the drivers only drove 5 days per week, driving 2 rides per hour and only 2 hours per day.

Device Subscription Fee:	UBER Commissions:
$43.00 per month X 8000= $346,640 per mo.	2 hours a day X 5 days per week, 2 rides per hr
$346,640 X 12 months = $4,159,680 per year	$10 per ride – 20% commission= $2.00 X 4 rides = $8.00 daily.    $8.00 X 8000 = $64,000 per day X 5 days = $320,000 per week
	$320,000 per week X 52 Weeks = $16,640,000 per year

WOW that’s a lot of commission.

? Wonder why Chicago wants a piece of the pie?

This was only a scenario with very conservative numbers.  Ok the average ride currently is probably more like $7 and you have to do about 3 per hour but the numbers still make sense.