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Of course Uber will eventually raise their prices to profitable levels. But if they have their way that won't be until they've driven every other taxi and ride
by cimmanom 8y ago
Of course Uber will eventually raise their prices to profitable levels. But if they have their way that won't be until they've driven every other taxi and ride share service out of the market and they have us all by the short and curlies.
- CryptoPunk 8y agoThere's a very low barrier to entry with taxi services, so I don't foresee any ridesharing getting the kind of strangehold on the market that you describe.
- DrScump 8y agoThere's a very low barrier to entry with taxi services In New York, it's extremely high to have a legitimate taxicab, as a medallion is required. They went for over $1 million 5 years ago and are still 6 figures.
- CryptoPunk 8y agoI meant sans regulatory barriers to entry of course.