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Lyft isn't their only competition. If they (Uber or Lyft) raise prices they will lose out on a lot of their appeal over traditional taxis. Cost relative to taxi
by def8cefe 6y ago
Lyft isn't their only competition. If they (Uber or Lyft) raise prices they will lose out on a lot of their appeal over traditional taxis. Cost relative to taxis is the main reason Uber and Lyft were successful in the first place.
Many taxi dispatches have already adapted to app based ordering, tracking and payments as well.
- alexbanks 6y agoYeah, both companies existed to "disrupt" the traditional taxi industry and I think they succeeded. Traditional cabs have changed a lot (while continuing to charge what rides actually cost).
- def8cefe 6y agoWell, they exist(ed?) to make money. They did so by innovating in the taxi industry. One of them did this by breaking the law in every jurisdiction they operated in then lobbying to make their conduct legal after the fact. But yes, they did disrupt the industry and there are now COTS solutions for taxi brokerages to accept rides in similar ways such as iCabbi.
- alexbanks 6y agoThat seems like a waste to point out. All companies exist to make money. That's kind of inherent in being a company. You wouldn't write "To make money" as your mission statement when opening a business.
- def8cefe 6y ago>You wouldn't write "To make money" as your mission statement when opening a business. I've made a huge mistake...