3 ms·
My theory is they are attempting to put the competition out of business by running at a loss then adjust the rates to where they can make money which, coinciden
by UncleEntity 9y ago
My theory is they are attempting to put the competition out of business by running at a loss then adjust the rates to where they can make money which, coincidentally, will be be almost exactly the amounts the "evil" taxi companies were charging.
I could be totally wrong but if I were a betting man...
- chadrs 9y agoBy the way this behavior is illegal in many countries: https://en.wikipedia.org/wiki/Predatory_pricing#Legal_aspects https://en.wikipedia.org/wiki/Predatory_pricing#Legal_aspect...
- pesfandiar 9y agoThat's still a win for consumers, because they certainly raised the bar for customer experience. They run leaner than old-fashioned cab companies and can keep prices lower at the end too.
- hrasyid 9y agoIs it a win for society, though? If they ended up being a stronger and more global monopoly than cab companies, the savings from being "leaner" would just end up in the pockets of the few and everyone else would not be better off.
- gaius 9y agoThat's still a win for consumers No it isn’t, because externalities. With Uber dodging all its taxes who is paying for the infrastructure and services it relies on? If you are an Uber driver in London neither you nor Uber is paying any NI but you’d still expect the NHS to treat you...