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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 U
by 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.