71–80 of 239 posts
Could we stop posting links to paywalled content, for crying out loud? Or at least require that it be marked? Most news is available somewhere without a subscription.
WSJ doesn't paywall if the referrer is Google.
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> prices have to rise 6% (assuming no efficiency improvements via pool etc, which is frankly ridiculous) If Uber raises 6%, the revenue Uber will decrease. If you raise the price, simply there will be less rides because people will find alternatives such as Lyft, taxi, or even public transportations.
I'm so grateful that Uber exists, precisely for those places where those alternatives don't really exist, and so the choices are trying to bum a ride, or god forbid, driving drunk.
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An irrelevant percent of people will choose to take the bus because their $10 ride is now $10.50. I agree that they are competing against Lyft on price, but they will both sooner or later have to reach break-even; neither will run at a loss forever. Rides will shift between them, but the rideshare market as a whole will shrink trivially when it does.
>An irrelevant percent of people will choose to take the bus because their $10 ride is now $10.50. That's not how the market works at scale.
So pretending to know what Uber customers will do is asinine.
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> And what most people miss, is that the 3.4 billion is the 30% cut Uber takes from a ride. Prices don't have to rise 20% to break even, prices have to rise 6% No, they have to rise by more than that. Your math is technically correct (a 6% rise gives you an extra $700 million), but you are assuming that the price increase goes entirely to Uber. There is no way Uber can increase prices by 6% and give none of that upsi…
You haven't been paying attention to what Uber's been doing. They started by charging flat fares on Pool, now they're charging flat fares for all rides. They're decoupling the price that the rider pays from what the driver gets. Pool makes this obfuscation easier, since the calculation is much more complex for rides that are partially shared. They do seem to be raising prices on riders without passing it on to driver…
$708 million loss, narrowed from $991 million last quarter 18% growth from last quarter (note: that's not Y/Y. this is ridiculously fast, given the huge base.) 708mm loss / 3.4 billion in revenue is only about 20% under even. And what most people miss, is that the 3.4 billion is the 30% cut Uber takes from a ride. Prices don't have to rise 20% to break even, prices have to rise 6% (assuming no efficiency improvements…
> And what most people miss, is that the 3.4 billion is the 30% cut Uber takes from a ride. Prices don't have to rise 20% to break even, prices have to rise 6% No, they have to rise by more than that. Your math is technically correct (a 6% rise gives you an extra $700 million), but you are assuming that the price increase goes entirely to Uber. There is no way Uber can increase prices by 6% and give none of that upsi…
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> Uber is doing fine. Yes and no, they are in a space which is extremely price competitive. I literally am watching Uber take a dramatic hit in my area right now. Lyft came to town and probably 80% of the drivers solely use them now, driving up the Uber prices. Now, I only use Lyft - as do most of the people. Plus, most of the Uber drivers are shady here and the people think Ubers a snaky company. I realize this is a…
Uber has a solid worldwide presence. Lyft does not. You can go into nearly any state and most countries (I think all of the first world countries and a bunch of second world ones too) and book an Uber. As long as that stays true and Uber continues to grow outside of the US, Lyft doesn't stand a chance. If Lyft could light up worldwide scale right now, they absolutely would have. Something is holding them back. It's l…
Well, except they do because the local market is simply huge. There is room for multiple competitors.
Just like we have ATT, Verizon, Etc.
Could we stop posting links to paywalled content, for crying out loud? Or at least require that it be marked? Most news is available somewhere without a subscription.
1. Click "web" link below story here on HN 2. Click first result on Google WSJ doesn't paywall if the referrer is Google.
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I'm so grateful that Uber exists, precisely for those places where those alternatives don't really exist, and so the choices are trying to bum a ride, or god forbid, driving drunk.
You could just not get drunk...
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> And what most people miss, is that the 3.4 billion is the 30% cut Uber takes from a ride. Prices don't have to rise 20% to break even, prices have to rise 6% No, they have to rise by more than that. Your math is technically correct (a 6% rise gives you an extra $700 million), but you are assuming that the price increase goes entirely to Uber. There is no way Uber can increase prices by 6% and give none of that upsi…
Lyft just isn't a real competitor outside of major American cities right now. Go to a city without an international airport and see how many lyft drivers there are.
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You haven't been paying attention to what Uber's been doing. They started by charging flat fares on Pool, now they're charging flat fares for all rides. They're decoupling the price that the rider pays from what the driver gets. Pool makes this obfuscation easier, since the calculation is much more complex for rides that are partially shared. They do seem to be raising prices on riders without passing it on to driver…
That's certainly true - things like Pool make it easier to obfuscate the cut Uber takes. But still, price rises don't just have a potential to alienate passengers, but drivers as well. If anything, drivers may well be more fickle than passengers, since someone who takes Uber once or twice a week has less to lose than someone driving for them 8 hours a day.
Will you notice if you pay $7.51 one day, and 7.96 the next day? What with all the surge pricing, route changes, time of day pricing, and other schemes Uber throws at you, you're lucky to get the same price day to day.