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Why does Lyft co-operate with Uber here instead of taking this market for themselves? Seems like they should free load off of Uber's willingness to sacrifice bu

Why does Lyft co-operate with Uber here instead of taking this market for themselves? Seems like they should free load off of Uber's willingness to sacrifice business to politically posture.

JumpCrisscross 3y ago
> Why does Lyft co-operate with Uber here instead of taking this market for themselves? The market isn’t worth supporting at those rates.
- rKarpinski 3y ago
  On margin I can't believe Lyft would loose money by continuing to support Minneapolis, passing on this per mile/per minute floor to the consumer & taking over Uber's market share there. It "not being worth supporting" has everything to do with signalling to other municipalities not to regulate (which I think makes much more sense for Uber to do than Lyft)
  - JumpCrisscross 3y ago
    > I can't believe Lyft would loose money by continuing to support Minneapolis, passing on this per mile/per minute floor to the new cost to the consumer I can. They have to pay for when the drivers are earning revenue as well as not. At the same time, support the local infrastructure running a ride-hailing service requires (e.g. government relations, customer service, et cetera). Minneapolis and St. Paul are not super wealthy cities.
    - rKarpinski 3y ago
      > They have to pay for when the drivers are earning revenue as well as not. Where are you getting this from? "The ordinance requires rideshare companies to pay drivers a wage of at least $1.40 per mile, and 51-cents per minute on rides to, from, and through city limits." I see nothing about paying them when they aren't earning.
sct202 3y ago
Price would need to increase a lot. Just looking at my most recent rides at the $0.51 / min + $1.4 / mile rate, 80% of the money I paid would go to the driver and 20% to taxes, so Lyft would have to inflate ride costs quite a bit to pay themselves.
- frumper 3y ago
  It's funny that Uber/Lyft say drivers make more than that, but whoa, if it were a law to do what they already claim happens, then they'll have to charge a lot more. The math aint mathing.

Why does Lyft co-operate with Uber here instead of taking this market for themselves? Seems like they should free load off of Uber's willingness to sacrifice business to politically posture.

JumpCrisscross 3y ago

> Why does Lyft co-operate with Uber here instead of taking this market for themselves? The market isn’t worth supporting at those rates.

rKarpinski 3y ago
On margin I can't believe Lyft would loose money by continuing to support Minneapolis, passing on this per mile/per minute floor to the consumer & taking over Uber's market share there. It "not being worth supporting" has everything to do with signalling to other municipalities not to regulate (which I think makes much more sense for Uber to do than Lyft)
- JumpCrisscross 3y ago
  > I can't believe Lyft would loose money by continuing to support Minneapolis, passing on this per mile/per minute floor to the new cost to the consumer I can. They have to pay for when the drivers are earning revenue as well as not. At the same time, support the local infrastructure running a ride-hailing service requires (e.g. government relations, customer service, et cetera). Minneapolis and St. Paul are not super wealthy cities.
  - rKarpinski 3y ago
    > They have to pay for when the drivers are earning revenue as well as not. Where are you getting this from? "The ordinance requires rideshare companies to pay drivers a wage of at least $1.40 per mile, and 51-cents per minute on rides to, from, and through city limits." I see nothing about paying them when they aren't earning.

sct202 3y ago

Price would need to increase a lot. Just looking at my most recent rides at the $0.51 / min + $1.4 / mile rate, 80% of the money I paid would go to the driver and 20% to taxes, so Lyft would have to inflate ride costs quite a bit to pay themselves.

frumper 3y ago
It's funny that Uber/Lyft say drivers make more than that, but whoa, if it were a law to do what they already claim happens, then they'll have to charge a lot more. The math aint mathing.