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If this is true, it simply means that Uber/Lyft outcompeted the yellow cabs in some other set of attributes, rather than price. I'm guessing availability and e
by mring33621 5y ago
If this is true, it simply means that Uber/Lyft outcompeted the yellow cabs in some other set of attributes, rather than price.
I'm guessing availability and ease of use.
- jaster 5y agoOr that they used VC money to outcompete companies using artificially low prices, and then raised the prices to make some profit once they got a hold on the market
- mypalmike 5y agoIt's time to disrupt the disrupters.
- rrdharan 5y agoI don’t think the situation has stabilized, either for NYC or for Uber. Too many variables. It’s also possible a stable equilibrium doesn’t emerge and it’s just a pendulum that swings between upstarts and incumbents, regulated and deregulated, apps, cabs and dollar vans…
- pentae 5y agoBeing able to get into a car and get whisked off to your destination without having to talk to someone about directions is pretty nice
- evanelias 5y agoThat, plus willingness to take you to a destination outside of Manhattan. Yellow cabs would often refuse to go to an outer borough. Refusing a destination within NYC was actually against the law, but the law basically wasn't enforced.
- stemlord 5y agoThat's a good point. Getting to EWR in Jersey used to be hard.