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they're cheaper because they can subsidize their fares via VC money
by cmahler7 9y ago
they're cheaper because they can subsidize their fares via VC money
- deleted 9y ago[deleted]
- deleted 9y ago[deleted]
- ogezi 9y ago> they're cheaper because they can subsidize their fares via VC money That's not the (only) reason why they're cheaper. They're cheaper because they offer drivers less downtime, therefore the drivers can end up earning more money since they're driving more of the time and earning fares. They're also cheaper because services like uber pool and lyft line allow riders to spilt the fare among themselves. I also think that Uber and Lyft will be cheaper than taxis for many more years to come. They're just more efficient as business models than taxis'.
- memmcgee 9y agoExcept they're still losing billions of dollars every year.
- specialist 9y agoThe drivers also subsidize the cheap(er) fares.
- mee_too 9y agoHow many Uber drivers have you spoken to? Kalanick's moral compass may or may not be aligned, but the service his company offers is awesome.