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Raise the price? For Uber/Lyft the only thing keeping the price low at this point is competition with each other. So as soon as one buys the other they can ra
by dec0dedab0de 6y ago
Raise the price? For Uber/Lyft the only thing keeping the price low at this point is competition with each other. So as soon as one buys the other they can raise the price. It's not like anyone wants to go back to using a taxi.
- pas 6y agoHaven't basically every single taxi company got apps too? Uber raised the bar, but haven't fundamentally changed the market. (The excess supply financed by VC money led to more traffic, but that's it.)
- ghaff 6y agoThey might go back to using black cars. Or they may decide to rent a car, drive themselves, or take public transit (or just not go out). There are a lot of options to Uber/Lyft at 2x price. >It's not like anyone wants to go back to using a taxi. To some extent. A city I normally fly into frequently, I usually grab a cab because it's just there even though Lyft is cheaper. If I were more price-sensitive I would probably wait for a Lyft but if pricing were similar, certainly not.