The consumer-unfriendly side of economics.

Happy 2016, you spent $200 on a 15-minute ride.

Source: People Are Furious After Spending Hundreds Of Dollars On Uber For New Year’s Eve – BuzzFeed News

This is one of the reasons I stayed in last night instead of going out to party. Uber warned repeatedly about surge pricing, although I had no idea prices would surge that high.

One more reason to always use the fair estimator in the app I suppose, although that’s only an estimate, and I’ve seen my own fairs be higher than the estimate.


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