4 ms·
> expecting uber to continue allowing unlimited amount of drivers to be "online", when they have to pay for them is absurd. The market they operate is of their
by uoaei 2y ago
> expecting uber to continue allowing unlimited amount of drivers to be "online", when they have to pay for them is absurd.
The market they operate is of their own making, there is no "free market" argument to be made here. What's absurd is the mischaracterization of what their constructed market can provide to its participants, particularly when people are apparently randomly banned from participating it as they please.
- steveBK123 2y agoFurther, from a markets point of view, by managing their market with micro-lockouts of drivers out during projected quiet periods, they are essentially setting a price floor such that riders are paying more than they otherwise might have. Stock markets for example generally have circuit breakers and limit up/down rules that will put in pauses for a stock if there is too much volatility. However they do not institute asymmetric throttling by say restricting half of sellers from selling but allowing buyers orders through.