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The two market leaders are losing money hand-over-fist in the hopes of becoming a monopoly. I'd say it's affected competition in the market as a whole. Heck, i
by lukeschlather 10y ago
The two market leaders are losing money hand-over-fist in the hopes of becoming a monopoly. I'd say it's affected competition in the market as a whole.
Heck, if you buy Uber's logic, they don't actually compete with Taxi companies. Lyft is their only serious competitor, and both of them are losing a ton of money (arguably, but I'd like to see a court weigh in) because of Uber's irresponsible behavior.
- maxerickson 10y agoIt depends on bit on whether you think a ridesharing brand is a defensible monopoly. Even if they figure out some onerous legal contract that forces drivers to work exclusively for Uber, other drivers will sign up for a company that charges consumers less and pays drivers more. They get praise for their logistics expertise, but advanced routefinding using digital maps is literally a commodity (you can pay ~$0 for a route from lots of companies).
- ThrustVectoring 10y agoThe brand is not the defensible monopoly. It's having a thick market. Drivers want to drive for Uber because they can expect to find riders, and riders want to order from Uber because they can expect to find drivers.