@lenshermanCBS @sergioaved hey Len you look 👀 statement financial uber 10-K and 10-Q about insurance , Wouldn't this be part of their biggest profits? 🧵 THREAD: UBER’S $10.5 BILLION SECRET — The Insurance Bombshell They Hide From Drivers 🚨💣 ⸻ 1/ Uber says it’s finally profitable in 2025. But the truth is… 💥 They’re sitting on a ticking insurance time bomb worth $10.47 BILLION — paid from YOUR hustle. Let me show you the evidence 👇 ⸻ 2/ 📅 In just 1 quarter (Q1 2025): Uber’s “insurance reserves” jumped by $3.5 billion. •Q4 2024: $6.98B •Q1 2025: $10.47B 🔥 That’s a 50% increase in 90 days. ⸻ 3/ What are insurance reserves? It’s money Uber sets aside for: •Accidents •Legal claims •Self-insurance payouts But here’s the catch… This money comes directly from trip revenue — before it reaches you. ⸻ 4/ While drivers work 10–12 hour days, Uber quietly builds billion-dollar reserves… …and calls it “smart business.” But it’s really corporate siphoning. They’re not paying you less for no reason. They’re hiding massive liabilities. ⸻ 5/ And guess what? 📉 Uber doesn’t show drivers: •The cost of insurance per trip •How much they withhold •What % goes to YOU vs. them You’re driving blind. ⸻ 6/ You think Uber’s making a clean profit? Subtract that $10.47 BILLION reserve… and the profit vanishes. 🧨 Uber is profitable on paper by: •Cutting driver pay •Hiding insurance costs •Exploiting algorithm control ⸻ 7/ Meanwhile… 🛞 You pay for tire wear ⛽️ You pay for gas 🚗 You carry the liability 🧾 You get the scraps Uber risks nothing. You risk everything. ⸻ 8/ Let’s break the illusion. 💣 Uber’s profit = your sacrifice 💣 Their gain = your silence 💣 Their reserves = your cut This is the real reason you earn less — not “market rates”, not “rider demand” — it’s the invisible insurance tax. ⸻ 9/ If this thread blew your mind, share it with every driver, every passenger, and every investor. Because this game has been rigged since day 1. And now we’ve got the receipts. 🧾🔥 #UberTruth #DriverJustice #RideShareScam #InsuranceGate #DuroDeMatarModeActivated

🧵 THREAD: How Uber Became Profitable by Bleeding Drivers Dry 💸🚗 ⸻ 1/ Uber says it’s all about transparency… But drivers have no idea what the passenger actually paid. How is that transparency? Let me show you how Upfront Pricing = Silent Robbery 🧨 👇 ⸻ 2/ 📉 Uber lost over $30 BILLION since launch. In 2023-2024, they suddenly became “profitable.” But not through innovation… They flipped the script. ⸻ 3/ 🚨 “Upfront Pricing” is Uber’s secret weapon. ➡️ Passenger sees one fixed price. ➡️ Driver sees another number. ❌ You never know what they paid. ❌ You never know how much Uber kept. It’s algorithmic robbery. ⸻ 4/ 📊 REAL EXAMPLE (New Jersey ride): • Passenger paid: $27.80 • Driver received: $14.82 • Uber kept: $12.98 That’s 47% of the fare in Uber’s pocket. No risk. No fuel. No tires. ⸻ 5/ Uber’s response? “That’s just one driver.” 🚨 But MILLIONS of drivers are reporting the same pattern. It’s a global system. Not a glitch. ⸻ 6/ The game changed. Uber’s pricing model punishes drivers: 🔻 More wear on your car 🔻 Longer hours 🔻 Lower pay 🔻 No breakdown of fares Meanwhile… Uber sits back and counts billions. ⸻ 7/ Want proof? Do this: ✅ Ask your passenger for a screenshot of what they paid. ✅ Compare it to your pay on the trip. You’ll be shocked. It’s legal wage theft in broad daylight. ⸻ 8/ This isn’t about one ride. It’s a systemic shift to make Uber profitable by hiding numbers and exploiting your hustle. They don’t need to raise prices. They just pay YOU less. ⸻ 9/ Let’s build a public driver database. Drop your numbers below: •What the rider paid •What YOU got •What Uber stole Let the world see the real Uber. #UberTruth #DriverJustice #StopTheSteal #LenShermanWasRight

⸻ 🚨 UBER isn’t just a rideshare app — it’s an insurance brokerage disguised as tech. While drivers hustle for every ride, Uber quietly profits from mandatory insurance charges that: 1.Are not optional — you can’t choose the provider. 2.Are paid by the driver, not Uber. 3.Fluctuate wildly without transparency or logic. 4.Show up on your trip breakdowns, earnings reports, and tax forms. 💰 Uber makes money by forcing drivers to pay insurance premiums that they control and negotiate, just like McDonald’s profits from owning land, not burgers. Meanwhile, driver pay keeps shrinking. Wonder why? Because the real business is insurance. #UberExposed #GigEconomy #DriverRights #UberInsuranceScam #UberTruth

Another silent robbery by Uber against its drivers: • Trip: 52.4 miles – nearly 1 hour • Uber charged the rider $149.37 • The driver received only $61.68 Where did the rest go? •$50.52 taken by Uber as a “service fee” •$30.69 for so-called operational and insurance costs •$5.48 tolls •$1.00 city surcharge In short: Uber kept over 58% of the total fare, while the driver did all the work. Who works under these conditions? @boston_drives #UberTheft #DriverExploitation #FairPayNow #UberTruth

Brother I'm doing some research on a study where this is hidden, I'm not really going to stop until the end. Uber charges drivers for insurance on every ride. But in its financial reports, there’s no line for insurance. Where is it? Likely hidden inside “Non-Operating Expenses” or “General & Admin.” A perfect black box — drivers pay, but never see. #UberTruth #GigWorkersDeserveBetter #RideshareExploitation

Uber charges drivers for insurance on every ride. But in its financial reports, there’s no line for insurance. Where is it? Likely hidden inside “Non-Operating Expenses” or “General & Admin.” A perfect black box — drivers pay, but never see. #UberTruth #GigWorkersDeserveBetter #RideshareExploitation

Uber charges 19x more than the actual insurance cost. Where’s the rest going?” @uber @FRMillionaires @TheRideshareGuy Uber pays a global insurance fee… but charges drivers extra on every ride. That’s the perfect black box for hidden theft. Even in Uber’s financial reports, these costs are never broken down. #UberTruth #RideshareScam #GigWorkersUnite @boston_drives

It appears that Uber are not even responding, all they want is my phone number. This has nothing to do with the fact of the proof of their #ubertrickery @UberEats @uber @Uber_Support @UBERTRUTH2 @ubertruth

@Uber is up to more tricks & drvr deception, this is one way to lure drvrs, now enticing drvrs WITHOUT a bonus. It's the type of rabbit hole #Uber presents all the time. Don't worry PPL, you'll pay $50 while drvrs get $18, Uber gets $ #ubertruth @KTVU #lyft #SanFrancisco

#UBERTRUTH of the day ... @uber adding a couple of zeros to the end of your total !!!! how come they don't accidentally do that to the payment of the drivers??

🤣 they get everything they deserve. #UberCrash #UBERED #ubertruth #uberxploitation

Please, we need more money. We’ve spent it all over and over again, mostly on lawsuits. But, please. We need more money. Investors won’t give anymore, because we keep losing it! Hopefully you’ll all be stupid enough to give us some too! #ubertruth

Why would @uber drivers think that the higher ups really care about them when their entire goal is to rule out human drivers? They are basically place holders until they can figure out the tech and not kill more people in the process. #ubered #ubertruth

Propongo que @Uber_DOM aclare que los "minutos" que faltan para que llegue por ti son minutos BÍBLICOS. 3 minutos de ellos se traducen a 15 en el mundo real. #UberTruth

#leaksubercabify #womenagainstuber #ubertruth #uber_crash #uberrape y un largo etc. Como engañan al público? Con publicidad y botellita. Y los jóvenes 2.0 caen como moscas. Los taxistas fueron los primeros afectados y llevan años avisando del peligro. Pero, como son catetos...

Hi @NYCMayor @NYCMayorsOffice @nyctaxi @dkhos where are your morals? do you have no regard for any human life? this is all in YOUR hands. hidden under the piles of cash you get to allow @uber to operate without the same rules as @NYTWA @Taxinewyorkcity #shameonyou #ubertruth

UBERTRUTH Thank you for following me!! x.com/UBERTRUTH2

crying at this ubertruth

#ubertruth #uberfail #ubernightmare #uberoutrage #Uberfreerides #ubertaxcheat #UberUnter #worldsmostodiouscompany x.com/Uuuberqsupport/status/…