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That would be true if Uber didn't spend so much money subsidizing rides throughout its history. A customer would be dumb to refuse $2 of service for $1 of payme
by AlexandrB 3y ago
That would be true if Uber didn't spend so much money subsidizing rides throughout its history. A customer would be dumb to refuse $2 of service for $1 of payment even if the system being created is going to lock them into an extractive duopoly later.
You can already see this at work as Uber tries to become profitable - ride availability, cost, and quality are getting worse but people continue to use them out of habit or because regional alternatives have been weakened by years of subsidies.
- sneak 3y agoHow does Uber doing price dumping (if in fact they were) lock anyone into anything later? Before Uber the options were "walk" or "call a taxi and pray".
- DropInIn 3y ago... seriously? The competition ceases to exist and the requirements to re-enter the market once the dumper is a monopoly (usually with the politics power that entails) is beyond the scope for damn near anyone to achieve.