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I was in NYC a few weeks ago and Lyft Line was $5 flat rate anywhere in Manhattan! Here's the problem with that - it's a heavily subsidised, promo rate. None o
by untog 11y ago
I was in NYC a few weeks ago and Lyft Line was $5 flat rate anywhere in Manhattan!
Here's the problem with that - it's a heavily subsidised, promo rate. None of us should get used to it, because once Uber/Lyft destroys the other they'll stop doing it.
- jdminhbg 11y agoThat's definitely a limited-time-only offer, but how are Uber or Lyft going to destroy each other? Maybe by erecting some kind of regulatory wall, but otherwise, the barrier to entry seems so low it's hard to imagine one of them winning a monopoly.
- untog 11y agoThe barrier to entry is huge - getting people to download your app and getting drivers to drive those users around is not a simple process. That's why numerous apps have already left the market.