Incentives and commissions were purposely kept high (in the formative years of Ola and Uber India) to attract more drivers. Now, the aggregators are now trying to reduce payouts and increase the number of rides, simultaneously cutting fares, doling out discounts and offering bonus rides to customers.
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By the time ITT Technical Institute closed its doors earlier this month, the for-profit college had been selling tenuous diplomas at exorbitant prices for more than 20 years burying low-income and first-generation students in insurmountable debt, and evading regulators since the early 1990s. This is the mirror image we should have seen before letting in …
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