UPDATED 23:39 EST / DECEMBER 23 2014

NEWS

Uber apologizes for surge pricing during Sydney terror attack

uber sydneyUber Inc. has apologized for implementing surge pricing during the Sydney terror attack December 15th.

The company was unfairly attacked by the mainstream media and the uninformed on social media when its algorithms automatically increased the cost of booking a car due to an increase in demand.

“The events of last week were upsetting for the whole community and we are truly sorry for any concern that our process may have added,” Uber said in a statement.

“Our priority was to help people out of the CBD safely in the midst of a fast-moving event. The decisions we made were based only on helping to achieve this but we communicated this poorly, leading to a lot of misunderstanding about our motivations.”

Uber explained that “surge pricing is algorithmic and kicks in automatically when demand for rides outstrips the supply of cars that are on the road. This encourages more drivers to the area where people are requesting rides. An increasing number of people were requesting rides that morning and surge pricing kicked in automatically…”

The company said that they got it wrong: “We didn’t stop surge pricing immediately. This was the wrong decision” but noted that “it’s unfortunate that the perception is that Uber did something against the interests of the public. We certainly did not intend to. We will learn from this incident and improve as a result of this lesson.”

Uber concluded in saying that they had listened to feedback and were working to standardize a global policy to ensure it could be efficient, effective and helpful as possible at all times.


A message from John Furrier, co-founder of SiliconANGLE:

Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.

  • 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
  • 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.

Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.