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If you compete on price through dumping, then the party with the most cash reserves (Uber) survives and bankrupts the competitors (Lyft).
by foobarqux 10y ago
If you compete on price through dumping, then the party with the most cash reserves (Uber) survives and bankrupts the competitors (Lyft).
- marcosdumay 10y agoThat's completely iffy. Maybe the party with biggest publicity budget wins, or maybe it's the one with lower overhead (in things like publicity), or maybe it's the one that pays better the drivers... Or maybe there comes a company with a really open network, and destroys the entire market in exchange for a couple million (what is a good thing, by the way).
- alanh 10y agoBut Lyft is now partially owned by General Motors, who have every incentive to make Lyft the winner here.