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>How much of that benefit is purely short-term though? In a hypothetical world where Uber and Lyft's current pathway to profitability never pans out, what are t
by treis 8y ago
>How much of that benefit is purely short-term though? In a hypothetical world where Uber and Lyft's current pathway to profitability never pans out, what are the ramifications. The most obvious one is that their fares will increase by 25-50% depending on the market, pricing them well above the legacy taxi services that existed before the arrival of these VC-backed companies.
For most U.S. cities that Uber/Lyft now service there really wasn't a taxi service before them. You could get one at the airport and possibly in certain other areas of the city like by major hotels. Everywhere else it was call a company and maybe they'll show up at some point.