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That's a very good point too which I missed. People don't care about whether their friends are using Uber or some other app. They care about whether the ride is
by busymom0 8y ago
That's a very good point too which I missed. People don't care about whether their friends are using Uber or some other app. They care about whether the ride is cheaper. It's a bottom of the barrel pricing game in ride sharing apps.
- usaar333 8y agoThey also care about wait times. And drivers care about utilization. "Taxi apps" definitely have network effects from the two sided market, though not as strong as a social network.
- busymom0 8y agoFrom what I have found personally, the wait times on Uber and Lyft are the exact same in my area in Canada. Every driver which is on Uber is also on Lyft. So I don't think the network effect is helping them much as riders aren't really getting anything different in terms of wait times. Also this is even after Lyft barely being about 1 year old in my city while Uber has been around for many years.