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Given the insanely high price elasticity of demand on rideshare, i severely doubt this. Show me anyone who does not have both uber and lyft apps, and does not i
by dmitrygr 8y ago
Given the insanely high price elasticity of demand on rideshare, i severely doubt this. Show me anyone who does not have both uber and lyft apps, and does not immediately go to Lyft when uber prices seem a tad high (or vice-versa).
- sokoloff 8y agoI’m in that situation. I know Lyft exists, of course, and will switch if Uber gets too aggressive on pricing, so your point has merit, but I literally don’t have the app nor account there yet. OTOH, I believe Uber is already quite profitable in my city (Boston metro), so I don’t think a future of Uber as profitable overall is unachievable.