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If it's a choice between an Uber acquisition and Lyft going out of business, then yes, I definitely would rather Lyft goes out of business. Monopolies are bad f
by wpietri 3y ago
If it's a choice between an Uber acquisition and Lyft going out of business, then yes, I definitely would rather Lyft goes out of business. Monopolies are bad for society, so if we're going to end up with one for a while, it should be as small as possible.
I think the end game for this industry is, as you say, self-driving cars, but I agree that's far away. In the meantime, I think the stage after this one, which is where companies burnt cheap money in hopes of market domination, is one where the tooling becomes available in a white-label fashion and we see plenty of people starting taxi-ish businesses.
- camhart 3y agoWhether lyft goes out of business or is acquired by Uber, Uber will still end up a monopoly won't it? If lyft died today I'd bet uber would capture most of its market.
- wpietri 3y agoSure. But it will end up a smaller monopoly if it doesn't acquire Lyft. An easy way to check: if Uber offers money for Lyft, that means Uber thinks they'd be better off with Lyft's assets. The death of Lyft also provides more opportunity for small players to enter the market or expand, because more of the current riders and drivers will look for other options than if they're just folded into Uber.