Good for them. These companies appear exploitative and rent-seeking far beyond what the infrastructure they provide suggests is reasonable.
If you're interested, next time you take a car, ask the driver what their end is - you may be surprised how little of the fare they actually take home. That share will only decrease unless they all get on one side of a table.
if all these drivers are getting horribly exploited why are they doing it?
We replaced small, local businesses (taxi companies) with a large multinational duopoly. Another example of tech "democratizing" something.
it’s very confusing why uber makes so little profit given hire big their cut of every ride seemingly is.