Free Now increasing drivers' wages

[silverbullet]

Apart from a computer program which relies on taxis they don't own, FreeNow don't any sell or do anything.

Taxi app FreeNow sees profits triple as annual turnover rises 73%  (Examiner, Nov 2023)

Pre-tax profits at the firm which operates the taxi app Free Now more than tripled last year, rising to €4.95m as the cab industry recovered from a pandemic-induced slump.  Up from a pre-tax profit of just €1.6m in 2021, accounts filed by Free Now Ireland Ltd also report a 73% increase in annual turnover, rising to more than €38.4m in 2022 despite a surge in new competitors.

While up significantly on 2021, profits at FreeNow have yet to recover from pre-pandemic levels. In 2020, Free Now posted a pre-tax profit of €6.38m, with a surge in new competitors coinciding with subdued earnings.

The taxi app reported a cash balance of more than €20.8m, up significantly from just over €14m in 2021, with net current assets also up by more than €4m to €14.9m following efforts to restrucuture its costs.

Almost all of that comes out of your pocket and mine 

RC got something in the region of €1.54 back from them after countless hours of pursuit. It really must sting.

[markmiwurdz]

with a surge in new competitors

-----------------


That should read "with a surge of new charges on customers that they trouser most it not all of"