2 ms·
Why doesn't the "market" sort this problem out. Essentially these companies "own" connecting supply and demand, but I fail to see how that prevents competition
by balls187 12y ago
Why doesn't the "market" sort this problem out.
Essentially these companies "own" connecting supply and demand, but I fail to see how that prevents competition from forming and providing a better alternative for both?
Right now, as a demand user of Uber, I like that the company is very protective of my experience, something that is painstakingly difficult with traditional taxi services. But if Lyft offered me the same experience or better, my switching cost is nil.
- hnnewguy 12y ago>Why doesn't the "market" sort this problem out. It will. But "the market" doesn't care about who the winners and losers are. Some of these services are essentially transferring wealth from low-skilled workers with few alternatives to "App middlemen" and VCs.