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There is no Hipmunk for Uber/Lyft. That's one reason the network effect is stronger. And while many people check both services now, that's because they are both
by abalone 12y ago
There is no Hipmunk for Uber/Lyft. That's one reason the network effect is stronger. And while many people check both services now, that's because they are both still floated by tons of VC money.
One we reach the tipping point -- let's say Uber wins -- you will be as likely to check Lyft as Sidecar. When was the last time you checked Sidecar? Exactly.
- tuna-piano 12y agoI think there is a huge difference between being a monopoly and a duopoly. The fact that Lyfy can exist, and it is (at least currently) easy for both drivers and passengers to switch, makes it so uber cannot institute monopoly pricing. The best example of a network that can would probably be Ebay. Uber is definitely no Ebay, and I doubt it ever will be.
- abalone 12y agoIt is not going to be a duopoly forever. The current duopoloy is sustained by massive VC funding. In time the network effects and other advantages of size will lead to one winner taking all (in theory).