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One thing I don't understand is, why can't Uber put the price up so that they are 100% covered by fares? Or at least same price as Lyft. What would be the knoc
by jv22222 10y ago
One thing I don't understand is, why can't Uber put the price up so that they are 100% covered by fares? Or at least same price as Lyft.
What would be the knock on effects of that for the company?
I guess my point is, isn't the convenience of always having a ride 5 mins away enough? And now thy are so ubiquitous no one could have that same level of service as them.
- lsc 10y ago>I guess my point is, isn't the convenience of always having a ride 5 mins away enough? And now thy are so ubiquitous no one could have that same level of service as them. the ride is always 5 minutes away because they get so many fares. They get so many fares because their prices are so low. Now, they could go to lyft rates; experimentally, lyft gets here pretty quick, too. but the point being that "5 minutes away" is a function of their critical mass, which is a function of their low price.