Uber s surge pricing has once again been put under the spotlight after CEO Dara Khosrowshahi was shocked at the exorbitant fare charged to a journalist. Khosrowshahi attributed surge pricing to inflation and increased costs of labour, but Forbes report contradicted this, revealing that Uber s prices in the US had risen at four times the rate of inflation from 2018 to 2022. Uber announced a record-breaking Q2 performance, but surge pricing has also resulted in the company s stock falling nearly 6%.
New York City subway riders are expressing their frustration with the latest Indiana Jones and the Dial of Destiny marketing stunt that takes over screens that display train times.
Uber India says that it has raised cab fares in India to "cushion drivers" from the soaring fuel prices. The company has also addressed various issues.