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We spent a day taking rideshares in Vancouver. Here's what we learned – CBC.ca

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After years of waiting, James Su didn’t get to test out his Uber license the day the service launched in Vancouver. His wife wouldn’t let him.

“It was Chinese New Years Eve,” he said, laughing. “[She] stopped me from going out.”

But on Saturday, he made up for the lost time, taking to the road at 9 a.m. PT and barely finding time for a break for the next six hours.

CBC News spent the day taking rideshares across Vancouver, chatting with drivers like Su, who say there is demand from eager passengers. Here’s what we learned from taking rides around town.

Lyft started making trips in Vancouver on January 24. (Ben Nelms/CBC)

Cab drivers already making the switch

If you can’t beat them — join them.

That’s the attitude of one Uber driver, who asked not to be named fearing repercussions from his employer at a Vancouver-based taxi company.

“Nobody can fight with technology,” he told CBC News, which agreed to protect his identity.

“We couldn’t get Uber here because of politics and power, but the funny thing is, nobody can fight it — there is nothing more powerful than technology. So, I wanted to be ahead of the game.”

He said the choice was made easier by complaints people have about the taxi industry.

“I was trying to give very good service to people [as a cab driver],” he said. “But people have a very bad impression of the taxi industry, no matter how good you are.”

“I believe in the end, most of the taxi drivers are going to switch to this. They have no choice,” he said.

The Vancouver Taxi Association said Friday its members are extremely upset with the Passenger Transportation Board’s (PTB) decision to approve ride-hailing.

It says the new service will be devastating to the taxi industry and those who work in it.

The association is pursuing a judicial review of the PTB’s decision and asking the board to regulate the number of ride-hailing vehicles in the same way it restricts the size of taxi fleets.

Uber and Lyft are paying drivers up to $500 to sign up for services. For now, a driver shortage can mean waits for rides. (CBC)

Wage disappointments

Lyft driver Donald Chang took to the streets shortly after the service officially launched in Vancouver on Friday. He said he worked for about three hours and made just over $100.

He was hoping to have earned more.

“I don’t think it’s what I expected, the price isn’t that high” said Chang, who bought a new vehicle so he could become a rideshare driver.

It’s a sentiment echoed by James Su, who expects he’ll average about $300 per day.

“I just [drove] a South African couple from Richmond to East Vancouver, and that only gives me $17,” he said. “It was a long trip — I think it should have been over $20.”

Su would like to see a lower commission taken by ridesharing companies. He says Uber takes about 25 per cent of each fare. Lyft’s driver fees vary.

Ride-hailing services use demand pricing, as opposed to fixed taxi charges.

A customer takes the first Lyft ride in Vancouver on Jan. 24, 2020. (Ben Nelms/CBC)

Wait times, wait times, wait times

Both companies are eager for more drivers and currently offering a $500 bonus for those who sign up.

The shortage can be noticeable when hailing a ride, with wait times sometimes exceeding 15 minutes. Despite being available across Metro Vancouver, numerous Uber requests by CBC News expired before the app was able to assign a driver.

Lyft has limited its operations to the core of Vancouver to optimize its service.

Still, drivers say its early yet for the service and expect there will be more cars on the road day by day — and plenty more passengers, too.

“I think it’s going to get a lot busier in the future,” said Chang.

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Netflix’s subscriber growth slows as gains from password-sharing crackdown subside

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Netflix on Thursday reported that its subscriber growth slowed dramatically during the summer, a sign the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off.

The 5.1 million subscribers that Netflix added during the July-September period represented a 42% decline from the total gained during the same time last year. Even so, the company’s revenue and profit rose at a faster pace than analysts had projected, according to FactSet Research.

Netflix ended September with 282.7 million worldwide subscribers — far more than any other streaming service.

The Los Gatos, California, company earned $2.36 billion, or $5.40 per share, a 41% increase from the same time last year. Revenue climbed 15% from a year ago to $9.82 billion. Netflix management predicted the company’s revenue will rise at the same 15% year-over-year pace during the October-December period, slightly than better than analysts have been expecting.

The strong financial performance in the past quarter coupled with the upbeat forecast eclipsed any worries about slowing subscriber growth. Netflix’s stock price surged nearly 4% in extended trading after the numbers came out, building upon a more than 40% increase in the company’s shares so far this year.

The past quarter’s subscriber gains were the lowest posted in any three-month period since the beginning of last year. That drop-off indicates Netflix is shifting to a new phase after reaping the benefits from a ban on the once-rampant practice of sharing account passwords that enabled an estimated 100 million people watch its popular service without paying for it.

The crackdown, triggered by a rare loss of subscribers coming out of the pandemic in 2022, helped Netflix add 57 million subscribers from June 2022 through this June — an average of more than 7 million per quarter, while many of its industry rivals have been struggling as households curbed their discretionary spending.

Netflix’s gains also were propelled by a low-priced version of its service that included commercials for the first time in its history. The company still is only getting a small fraction of its revenue from the 2-year-old advertising push, but Netflix is intensifying its focus on that segment of its business to help boost its profits.

In a letter to shareholder, Netflix reiterated previous cautionary notes about its expansion into advertising, though the low-priced option including commercials has become its fastest growing segment.

“We have much more work to do improving our offering for advertisers, which will be a priority over the next few years,” Netflix management wrote in the letter.

As part of its evolution, Netflix has been increasingly supplementing its lineup of scripted TV series and movies with live programming, such as a Labor Day spectacle featuring renowned glutton Joey Chestnut setting a world record for gorging on hot dogs in a showdown with his longtime nemesis Takeru Kobayashi.

Netflix will be trying to attract more viewer during the current quarter with a Nov. 15 fight pitting former heavyweight champion Mike Tyson against Jake Paul, a YouTube sensation turned boxer, and two National Football League games on Christmas Day.

The Canadian Press. All rights reserved.

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