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Interesting, thanks. It justifies Uber spending more money on marketing to expand market share.
by davidf18 9y ago
Interesting, thanks. It justifies Uber spending more money on marketing to expand market share.
- linkregister 9y agoMaybe, it is very likely that NYC rides need to be propped up with incentives by ridesharing companies. We won't know the economics until somebody tries to IPO or shutters their company.
- davidf18 9y agoActually, the normal Yellow Cab rates are so high in NYC that Uber can still charge rates twice that of Chicago Uber and come out ahead (NYC $1.75 per mile, Chicago $0.90 -- twice the amount).