DanielLawhon

4 ms·

1. 1.▲
   by DanielLawhon 9y ago

   This is a great point. A crowded market means there's lots of space for new entrants and that no one has quite figured out how to win the whole thing. Good opportunity to steal and borrow from the best currently in the market and try t
2. 2.▲
   by DanielLawhon 9y ago

   I think a lot of the maneuvering that's happening now is prompted more by TK's seeming unwillingness to make sincere changes (and that's always worse than the initial mistake), but more importantly Uber's financials are
3. 3.▲
   by DanielLawhon 9y ago

   I am opposed to the taxi industry collusion entirely, but Uber/Lyft are creating customer value by subsidizing their transportation costs via investor dollars. While I would love to see the taxi companies forced to reform, Uber will ne
4. 4.▲
   by DanielLawhon 9y ago

   Yes. > I thought the whole point of subsidizing rides was(as OP comments pointed out) to raise demand, both for drivers and riders, they first entice both ways with the promise of lower rates and higher payoffs, then slowly increase thei
5. 5.▲
   by DanielLawhon 9y ago

   You're exactly right though, and that's the problem. People won't pay to use the service if Uber charges what it actually costs to deliver it. They're heavily subsidizing each ride. When you pay for an Uber, they're
6. 6.▲
   by DanielLawhon 9y ago

   If you're losing money on every ride, then your aggregate profit on all rides will be in the negatives. More volume just makes the total loss bigger, because that's more money you've been giving away.