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In other words, Uber would like to create a lucrative monopsony... nevertheless one imagines they are already doing their damndest to extract maximum value from
by sk5t 11y ago
In other words, Uber would like to create a lucrative monopsony... nevertheless one imagines they are already doing their damndest to extract maximum value from the market while both maintaining overall market growth.
- uptown 11y agoTheir usual strategy is to enter a new market, and pay drivers a higher rate and charge customers a lower rate (or provide discounts and coupons) to encourage growth. Once they're established, adjust those rates until they balance supply/demand. https://pbs.twimg.com/media/CLcMATPUsAAWceX.jpg:large https://pbs.twimg.com/media/CLcMATPUsAAWceX.jpg:large
- DarthMader 11y agoUber gave a month of free rides (~$25 limit I believe) when they came in my market a few years ago. Lyft had gotten their the month before and only offered like 3 free rides. They were crushed.