In recent past there have been 3 evil companies that easily come to mind – Monsanto, Enron & now Uber. Probably UBER is more evil than both Monsanto & Enron combined!!! Read on to find out why…
To put it straight UBER is a ponzi scheme company. Ponzi scheme company is ANY company that pays returns from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.
Ever heard of a company that promises to double your money in 6mths or 1 yr time? Yeah UBER is exactly that kind of company and its shocking they never got caught!!!
In India it promises to pay its drivers Rs 1,00,000 (approx $1,500) permonth if they work approx 12hrs but pays around Rs40,000 even if they drive 12hrs/250kms every single day and have incurred expenses of Rs 90000. So if this is not a fraud company then what is?
Uber says it charges Rs6 per km… but its passengers after traveling 10kms have to pay Rs215 instead of Rs60. Oh Yes, then Uber say there is many different charges like base fare, per km fare, timebased fare, best of both time & km rate fare, surge fare and you get clubbed on your head with a mix of all the rates added together to get the highest fare prevailing at the moment he booked the cab. If this is not fraud then what is?
Huge windfall income with ZERO investment. Even in Sharemarket you have to buy shares and are thus exposed to the value of shares falling and there is a danger of loss. But with UBER there is ZERO INVESTMENT thus ZERO LOSS and MAXIMUM PROFIT. If this is not fraud then what is?
UBER is not a market disrupter it is a market destroyer. The sooner people & government wake up and smells the coffee the better. Wherever UBER has entered to do business there have been nothing but chaos… Passengers (riders) don’t realise that they are being cheated and overcharged… but the drivers know that the passengers are being cheated and the drivers are finding out that they too are being cheated… even in its home country USA… where drivers have become sick of the world UBER and are protesting against it…
Many people say “I UBER-ed” to office… when in fact they had been “ubered” … ubered in the sense that they had been conned. Instead of Rs 150 ride today they are paying Rs500 & Rs 700 yet the driver never gets even half of this!! UBER is a fraud company and people are being conned all over the world in a way never attempted before!!! Possibly the only exception being East India Company.
Its safe to say UBER is the East India Company (EIC)of this century!!! EIC used and paid the people of a country to destroy their own country completely… and then ruled over it once it was weak. Uber is doing the same thing using the drivers to destroy their own markets… and the drivers do not have another option!!!
When UBER first comes to town (honeymoon period) they are very… Continue reading