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> "Sellers" (riders) don't set their own prices They kinda do, by not accepting rides under a certain price and forcing a raise, like it has been reported. >
by icebraining 7y ago
> "Sellers" (riders) don't set their own prices
They kinda do, by not accepting rides under a certain price and forcing a raise, like it has been reported.
> Furthermore, prices are driven down artificially by investors who are willing to take a loss until other "markets" are forced out of business, at which point Uber will presumably raise its prices to actual taxi market rates.
This will never happen. Anyone can start a ride-sharing service with a tiny investment. There's no way bankrupting current companies will give Uber an unassailable market.
- jakelazaroff 7y ago> They kinda do, by not accepting rides under a certain price and forcing a raise, like it has been reported. Yes, kinda. My understanding is that once they're "on the clock", they get penalized for declining too many rides. > This will never happen. Anyone can start a ride-sharing service with a tiny investment. There's no way bankrupting current companies will give Uber an unassailable market. Except any startup will be forced to either price their rides above the cost of service, or find investors willing to take a loss in order to undercut the former. Uber may not ever have an unassailable market, but they will have to eventually raise their prices or lower the cost of providing rides.
- kds3 7y ago> This will never happen. Anyone can start a ride-sharing service with a tiny investment. There's no way bankrupting current companies will give Uber an unassailable market. Also "markets" doesn't necessary mean ride-sharing markets, they can also destroy public transport and other new ways of transportation that doesn't fit well to Uber model.