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Also Uber/Lyft were "dumping" their product, selling rides below cost by partially funding every ride with VC investment money. This made their product artific

• tanjtanjtanj 3y ago
  I always see people say this but I don't know how they were subsidizing rides. I was an early Uber driver when I was in grad school and I received roughly 2/3rds of what riders paid. Was Uber's third take too low? I would also receive a lower fare when the rider used a coupon or had a promotion. It always seemed more like I was subsidizing the rides rather than Uber.
  • mrguyorama 3y ago
    Maybe, just maybe, your singular experience is not accurately representative of Uber's business? You can go look up how they were clearly subsidizing fares.
• bamfly 3y ago
  Right—I'm sure they won some business because they were actually a better experience in some ways, but I've ridden in like three taxis ever in my nearly 40 years on this planet, and never in the place where I live, but have taken probably thirty or forty ubers/lyfts, most of them near home. Why? Taxis were too expensive, so I never even considered them an option. Ubers and Lyfts were stupid-cheap for a long time.