Uber’s IPO means higher fares for rides

#1

Post by turtlegrids » Mon, Jun 03, 2019, 5:42 AM UTC

Uber’s IPO means higher fares for rides
latimes.com

Re: Uber’s IPO means higher fares for rides

#2

Post by Mistri » Mon, Jun 03, 2019, 5:59 AM UTC

I've always used Uber because I've assumed that it's cheaper than Lyft and other rideshare services. I just realized I have no idea how much it is compared to others. Does anyone have a formal comparison up online?

Re: Uber’s IPO means higher fares for rides

#3

Post by minimaxir » Mon, Jun 03, 2019, 5:59 AM UTC

...which will then push Uber customers to Lyft/Cabs. Uber doesn’t have monopoly leverage.

Re: Uber’s IPO means higher fares for rides

#4

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Re: Uber’s IPO means higher fares for rides

#5

Post by tectonic » Mon, Jun 03, 2019, 6:00 AM UTC

Mistri wrote: post #2

I've always used Uber because I've assumed that it's cheaper than Lyft and other rideshare services. I just realized I have no idea how much it is compared to others. Does anyone have a formal comparison up online?

Lyft is often cheaper for me.

Re: Uber’s IPO means higher fares for rides

#6

Post by sna1l » Mon, Jun 03, 2019, 6:00 AM UTC

I forgot where I read the article, but someone mentioned that the Softbank strategy seems to be to geared towards having 2 major players in ridesharing/delivery in each market. The idea was that when these companies go public, they will stop subsidizing rides as much in order to show profit, and will become viable businesses.

Because these companies have a new war chest of money, if any new upstarts come into the game, they can have a short-term price war to drive these players out. The US seems to be the first market where this strategy will play out.

Re: Uber’s IPO means higher fares for rides

#7

Post by neonate » Mon, Jun 03, 2019, 6:02 AM UTC

http://archive.is/WfBip

Re: Uber’s IPO means higher fares for rides

#8

Post by quickthrower2 » Mon, Jun 03, 2019, 6:02 AM UTC

minimaxir wrote: post #3

...which will then push Uber customers to Lyft/Cabs. Uber doesn’t have monopoly leverage.

As well as walk, bus, train, using own car and not drinking, etc.

Re: Uber’s IPO means higher fares for rides

#9

Post by satellitec4t » Mon, Jun 03, 2019, 6:02 AM UTC

Hopefully the increase goes to the drivers...

Re: Uber’s IPO means higher fares for rides

#10

Post by Moxdi » Mon, Jun 03, 2019, 6:03 AM UTC

sna1l wrote: post #6

I forgot where I read the article, but someone mentioned that the Softbank strategy seems to be to geared towards having 2 major players in ridesharing/delivery in each market. The idea was that when these companies go public, they will stop subsidizing rides as much in order to show profit, and will become viable businesses. Because these companies have a new war chest of money, if any new upstarts come into the gam…

is that sustainable though?