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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
TechUber Technologies

Uber tripled its fares in London for this reason

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
Down Arrow Button Icon
July 10, 2015, 10:21 AM ET
Photograph by Getty Images
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A strike of London’s Underground workers Thursday led to Uber, maybe unsurprisingly, tripling its fares due to high demand.

The ride-sharing service’s surge pricing kicked in during the strike, going as high as three times the typical fare for a ride.

Uber defended the London price hikes, saying its pricing policy is fully transparent.

“Drivers work on the Uber platform on a completely flexible basis, as much or as little as they want,” Uber said in a statement to Quartz. “During times of peak demand … fares increase temporarily to incentivise more drivers to work on the platform.”

Still, those on social media were quick to complain about the incident.

https://twitter.com/MakeupbyMikey/status/619030212240609280/photo/1

Disappointed with the @UberUK price surge during the #TubeStrike #playnice #uber – shortsighted strategy in place there!

— Emma McGowan (@Emm_McG) July 9, 2015

To help with transportation in the city, London made additional buses, bicycles, and riverboats available, Quartz reported. About 4 million take the Underground in London each day, CNN said.

In the past, Uber has suspended surge pricing for certain events, including a New York City blizzard in January.

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About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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