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I only see two ways: The most discussed is the hope of autonomous vehicles. It seems that predictions about the imminent arrival of autonomous cars were a wee
by village-idiot 7y ago
I only see two ways:
The most discussed is the hope of autonomous vehicles. It seems that predictions about the imminent arrival of autonomous cars were a wee bit optimistic, so that makes this plan dicey. Furthermore I don’t see any evidence that Lyft was pursuing their own autonomous cars, meaning that they were in extreme risk should Uber or Google succeed.
The other plan might be to gain total market dominance and then raise prices. I personally suspect that this plan would either trigger a regulatory response, or is exposed to the risk of someone doing to Uber what Uber did to the yellow cabs.
For my part, these ride sharing services appear to be quite similar to a public transit system, only for car obsessed America. And one thing we do know from public transit is that it is very hard to run them at a profit, which makes me doubt the ability of any ride sharing company to ever be profitable.