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Is that really the idea? Do you know how large the ride hailing market is? I am almost positive the point of subsidizing the price of the rides is to get you a

Is that really the idea? Do you know how large the ride hailing market is? I am almost positive the point of subsidizing the price of the rides is to get you addicted/ build up a habit or get you comfortable using the service. I think they are aware of the competition and are comfortable owning 60+% versus trying to get 80%+. Their revenue is growing which is still wild despite bad press. >Unfortunately their competitors have found a variety of ways to keep from being dragged down Not a bad point but it is highly dependent on the market. In the US, Uber is 4x Lyft in market share. A common problem drivers cite is that Lyft pays better, but the volume of Uber riders is much much larger. I am not a fan of Uber, just extremely bitter at poor journalism, hence , I stopped reading at the first paragraph.

alasdair_ 9y ago
>Their revenue is growing which is still wild despite bad press. Not really. The revenue for a company selling dollar bills for 80c each will keep increasing until all the cash is gone as well.
- bob_theslob646 9y ago
  >Not really. The revenue for a company selling dollar bills for 80c each will keep increasing until all the cash is gone as well. The rides that I have taken are not subsidized. Maybe it's not statistically significant but I have yet to see the subsidy in the major cities that I have traveled in. SoftBank obviously sees something in them. Who knows. I don't disagree with what you said.
  - hrasyid 9y ago
    > The rides that I have taken are not subsidized. Maybe it's not statistically significant but I have yet to see the subsidy in the major cities that I have traveled in. How do you know that?
    - bob_theslob646 9y ago
      The prices are higher per mile this year.( I have kept all my digital receipts for business travel purposes) How do you know they are subsidized?
      - hrasyid 9y ago
        Because the drivers told me that they keep 100% and then Uber pay them bonuses on top of that.
semi-extrinsic 9y ago
> I think they are aware of the competition and are comfortable owning 60+% versus trying to get 80%+. While in reality, their overall share of the ride-hailing + taxi market in the US is ~25% as of August 2017, and far less in Europe and Asia.
- bob_theslob646 9y ago
  >While in reality, their overall share of the ride-hailing + taxi market in the US is ~25% as of August 2017, and far less in Europe and Asia. You don't know what you are talking about. https://www.google.com/amp/s/www.recode.net/platform/amp/2017/8/31/16227670/uber-lyft-market-share-deleteuber-decline-users https://www.google.com/amp/s/www.recode.net/platform/amp/201... >That week, Uber’s market share dropped 5 percentage points compared with the previous week, from 81 percent to 76 percent, according to Second Measure data. Lyft’s market share gained about the same amount that week. Other ride-sharing companies, including Gett and Juno, saw a nominal increase that week.
  - rconti 9y ago
    I'm assuming the difference is the +taxi component in the calculations.

alasdair_ 9y ago

>Their revenue is growing which is still wild despite bad press. Not really. The revenue for a company selling dollar bills for 80c each will keep increasing until all the cash is gone as well.

bob_theslob646 9y ago
>Not really. The revenue for a company selling dollar bills for 80c each will keep increasing until all the cash is gone as well. The rides that I have taken are not subsidized. Maybe it's not statistically significant but I have yet to see the subsidy in the major cities that I have traveled in. SoftBank obviously sees something in them. Who knows. I don't disagree with what you said.
- hrasyid 9y ago
  > The rides that I have taken are not subsidized. Maybe it's not statistically significant but I have yet to see the subsidy in the major cities that I have traveled in. How do you know that?
  - bob_theslob646 9y ago
    The prices are higher per mile this year.( I have kept all my digital receipts for business travel purposes) How do you know they are subsidized?
    - hrasyid 9y ago
      Because the drivers told me that they keep 100% and then Uber pay them bonuses on top of that.

semi-extrinsic 9y ago

> I think they are aware of the competition and are comfortable owning 60+% versus trying to get 80%+. While in reality, their overall share of the ride-hailing + taxi market in the US is ~25% as of August 2017, and far less in Europe and Asia.

bob_theslob646 9y ago
>While in reality, their overall share of the ride-hailing + taxi market in the US is ~25% as of August 2017, and far less in Europe and Asia. You don't know what you are talking about. https://www.google.com/amp/s/www.recode.net/platform/amp/2017/8/31/16227670/uber-lyft-market-share-deleteuber-decline-users https://www.google.com/amp/s/www.recode.net/platform/amp/201... >That week, Uber’s market share dropped 5 percentage points compared with the previous week, from 81 percent to 76 percent, according to Second Measure data. Lyft’s market share gained about the same amount that week. Other ride-sharing companies, including Gett and Juno, saw a nominal increase that week.
- rconti 9y ago
  I'm assuming the difference is the +taxi component in the calculations.