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Idk, Austin had a non-profit ride sharing app that sprung up when the big players left town for two years. As soon as Uber and Lyft returned, they undercut the
by save_ferris 6y ago
Idk, Austin had a non-profit ride sharing app that sprung up when the big players left town for two years. As soon as Uber and Lyft returned, they undercut the non-profit and bled it using investor cash until the drivers stopped turning on the app.
VC-backed gig economy apps are a pretty significant threat to the cooperative model because they can operate at a loss in order to regain market share.