6 ms·

I have noticed Uber pricing is slowly rising. Wait until they put all taxi services out if business, and lobby politicians more heavily than now. They proved

I have noticed Uber pricing is slowly rising. Wait until they put all taxi services out if business, and lobby politicians more heavily than now. They proved money can buy a Proposition.

andrepd 5y ago
It's pure dumping. Burn an astounding amount of money on subsidising your product to undercut competitors and on advertising, then once you got the market on your hands jack up the prices.
- TheTrotters 5y ago
  But that strategy is probably impossible in a market where the cost to entry is fairly low. Suppose Uber drives out literally all cab companies out of the market in some city and rises prices to absurdly high levels. Creating a brand new cab company isn’t that hard. Lease cars, create a decent app, advertise a little and you’re good to go.
  - hakfoo 5y ago
    I think they were hoping that their runway extends to self-driving. Then a well-capitalized firm could suddenly leverage their scale. Order and maintain a fleet of 200,000 driverless cars, and you can get costs lower than an individual driver with his single vehicle and inefficient fleet management tools.
clydethefrog 5y ago
>Some of these companies have been tightening their belts for years. But the pandemic seems to have emptied what was left of the bargain bin. The average Uber and Lyft ride costs 40 percent more than it did a year ago, according to Rakuten Intelligence, and food delivery apps like DoorDash and Grubhub have been steadily increasing their fees over the past year. The average daily rate of an Airbnb rental increased 35 percent in the first quarter of 2021, compared with the same quarter the year before, according to the company’s financial filings. https://www.nytimes.com/2021/06/08/technology/farewell-millennial-lifestyle-subsidy.html https://www.nytimes.com/2021/06/08/technology/farewell-mille...

6 ms·

I have noticed Uber pricing is slowly rising. Wait until they put all taxi services out if business, and lobby politicians more heavily than now. They proved

by hellbannedguy 5y ago

I have noticed Uber pricing is slowly rising. Wait until they put all taxi services out if business, and lobby politicians more heavily than now. They proved money can buy a Proposition.

andrepd 5y ago
It's pure dumping. Burn an astounding amount of money on subsidising your product to undercut competitors and on advertising, then once you got the market on your hands jack up the prices.
- TheTrotters 5y ago
  But that strategy is probably impossible in a market where the cost to entry is fairly low. Suppose Uber drives out literally all cab companies out of the market in some city and rises prices to absurdly high levels. Creating a brand new cab company isn’t that hard. Lease cars, create a decent app, advertise a little and you’re good to go.
  - hakfoo 5y ago
    I think they were hoping that their runway extends to self-driving. Then a well-capitalized firm could suddenly leverage their scale. Order and maintain a fleet of 200,000 driverless cars, and you can get costs lower than an individual driver with his single vehicle and inefficient fleet management tools.
clydethefrog 5y ago
>Some of these companies have been tightening their belts for years. But the pandemic seems to have emptied what was left of the bargain bin. The average Uber and Lyft ride costs 40 percent more than it did a year ago, according to Rakuten Intelligence, and food delivery apps like DoorDash and Grubhub have been steadily increasing their fees over the past year. The average daily rate of an Airbnb rental increased 35 percent in the first quarter of 2021, compared with the same quarter the year before, according to the company’s financial filings. https://www.nytimes.com/2021/06/08/technology/farewell-millennial-lifestyle-subsidy.html https://www.nytimes.com/2021/06/08/technology/farewell-mille...