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The idea (urban myth?) I've heard for discussion's sake: The long term bet is on them becoming THE way to get around and monopolizing the market (or a chunk of
by britch 7y ago
The idea (urban myth?) I've heard for discussion's sake:
The long term bet is on them becoming THE way to get around and monopolizing the market (or a chunk of it at least) and THEN jacking up prices.
If you undercut cabs and public transit long enough, they'll have to react to lower ridership and reduce availability. Sorry, no late night buses, most people are taking a very inexpensive and convenient Lyft home. Now that there's no late night buses, we can charge 3X the cost.
- asdff 7y agoAside from NYC most cities do not have late night public transport past like midnight in most cases, maybe if you are lucky 2am. On top of that outside of NYC and maybe people commuting to DC, public transport ridership is pretty abysmal. Plus all the cabbies have to do is either assign drivers to third shift or not, it can be done on a whim as demand dictates.