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Yeah, but that mousetrap keeps working for SV startups, what makes you think it won't work for Chinese ones? Uber spent a decade undermining taxis, and once it
by vkou 3mo ago
Yeah, but that mousetrap keeps working for SV startups, what makes you think it won't work for Chinese ones?
Uber spent a decade undermining taxis, and once it had market share, it stopped giving away rides and raised prices. It now costs more than a regular taxi, with the quality of the ride being... At best proportionate to the premium in price.
- 1over137 3mo agoUber costs more than regular taxi? In what country/region? Not where I am.
- vkou 3mo agoLooking at a 7 mile trip to a random destination in Seattle, right now, I can pay $26.70 for an Uber if I'm willing to wait 20 minutes for a pickup. With a $3/mile fee and a $5 pickup fee, that's exactly equal to that of a taxi. If I'm not willing to wait 20 minutes, I'll be paying an extra $5 minimum. These rates also go up during busy times. Looking at Lyft, that same trip is $29, without a wait. A trip from downtown to SeaTac is $61. Yellow Cab does that same trip for $40.