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That will be an excellent opportunity for a competitor to come in and take market share. We all see how easy it is to do this: "Yeah, I'll get the Uber. Ugh,
by linkregister 10y ago
That will be an excellent opportunity for a competitor to come in and take market share. We all see how easy it is to do this:
"Yeah, I'll get the Uber. Ugh, 3x surge? Let me check Lyft. Sweet, $5 cheaper. It's coming in 5 minutes."
Drivers are already running both apps. When the subsidies run out we will all be fine, drivers included.
- lmm 10y ago> When the subsidies run out we will all be fine, drivers included. If Lyft is still subsidised they'll replace Uber, sure. What happens when the VC subsidy moves away from the category entirely though?
- bduerst 10y agoYep - Precisely my point. The "competitors" for ridesharing are also VC funded. Once the cash runs out then the supply will return to previous market levels.