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> Then they raise prices literally has never happened, it's just a dumb myth that makes no sense, for people who think that e.g. buses don't compete with passe

> Then they raise prices literally has never happened, it's just a dumb myth that makes no sense, for people who think that e.g. buses don't compete with passenger trains

n4r9 4y ago
In London, Uber raised the base rates 10% in November 2021 and then another 5% in August 2022.
- surement 4y ago
  with no competition?
  - n4r9 4y ago
    Uber certainly has most of the rideshare market; I believe around 75% in recent years. It also competes with the local black cabs, with some limited success. With the recent price hikes Uber is no longer always a dramatic saving compared to black cabs, especially during "surge" periods. After ten years of operating at a loss, plus laws being passed about tax enforcement and driver payments, and a sexual abuse scandal, it seems like they've been forced into a bit of a reality check.
    - surement 4y ago
      wow so still not a price-setting monopoly
      - n4r9 4y ago
        I thought you were claiming that they "never raise prices", but it sounds like I misunderstood. Sorry, but your comments are short and brusque so it's hard to know what you mean.