Uber's competition is quickly growing and people is realizing is just a matter of downloading an app and you get cheaper alternative, in Latin America a service called beat is giving cheaper car rides, a service called pickup is usin motorbikes instead of cars and is cheaper for both driver and users, all in all Uber doesn't have a leg to stand on and is becoming clear all it is is piramid scheme in a gigantic scale.
Uber’s IPO means higher fares for rides
11–20 of 88 posts
Re: Uber’s IPO means higher fares for rides
#12Mmmm... unlikely. Here is where the growth helps. More drivers => more passengers => more productive use of car miles. The more time where a passenger is in the car the better, and when you factor in shared rides it gets better. Even if you factor in competition by "branding" as they say, the increase in growth is a benefit even if promotions are scaled back. If there is any place you will see increases in prices, it will probably be medium sized cities where Uber/Lyft have not achieved a great driver count and don't care to invest as much anymore.
Otherwise I would be surprised to see any major metropolitan areas ever be more expensive in the future than they are now.
Re: Uber’s IPO means higher fares for rides
#13I 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?
Honestly, I have no idea.
Lots of people have gotten very used to taking Uber/Lyft places. Once the prices go up, will that behavior change? The original iPhone sold at 500 to 1500 for the XSMax 512 GB. Obviously it isn't an apples to apples comparison, but I think the crux of the strategy depends on how inelastic ridesharing is.
Re: Uber’s IPO means higher fares for rides
#14Mmmm... unlikely. Here is where the growth helps. More drivers => more passengers => more productive use of car miles. The more time where a passenger is in the car the better, and when you factor in shared rides it gets better. Even if you factor in competition by "branding" as they say, the increase in growth is a benefit even if promotions are scaled back. If there is any place you will see increases in prices, it…
That and any upstart will have a tough time getting enough Pool-type fares to keep everyone happy.
Re: Uber’s IPO means higher fares for rides
#15I'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?
In the ultimate 'fuck you' to customers, you will get cheaper rides on Uber under Android if you have the Lyft app installed...
Re: Uber’s IPO means higher fares for rides
#16Mmmm... unlikely. Here is where the growth helps. More drivers => more passengers => more productive use of car miles. The more time where a passenger is in the car the better, and when you factor in shared rides it gets better. Even if you factor in competition by "branding" as they say, the increase in growth is a benefit even if promotions are scaled back. If there is any place you will see increases in prices, it…
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Re: Uber’s IPO means higher fares for rides
#17I'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?
In the ultimate 'fuck you' to customers, you will get cheaper rides on Uber under Android if you have the Lyft app installed...
Because on iOS they can't detect apps, as far as I know.
Re: Uber’s IPO means higher fares for rides
#18...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.
Defs, I used to use Uber until it become cheaper to drive and pay for carpark, and mind you, parking in Australia is extortionist.
Re: Uber’s IPO means higher fares for rides
#19In the end you will have a service costing the same as a regular Taxi but without all the benefits of them being licensed. Taxi licensing may be screwed up and unfair in the US but in many parts of the world it works well.
Re: Uber’s IPO means higher fares for rides
#20Uber's competition is quickly growing and people is realizing is just a matter of downloading an app and you get cheaper alternative, in Latin America a service called beat is giving cheaper car rides, a service called pickup is usin motorbikes instead of cars and is cheaper for both driver and users, all in all Uber doesn't have a leg to stand on and is becoming clear all it is is piramid scheme in a gigantic scale.
Less expensive does not mean those other competitors are making money. For example, Grab is burning through billions of investors cash, just like Uber [1].
Uber has motorbikes in other countries. It had a huge presence in Vietnam, until Grab took over their un-profitable business. It is just that it isn't popular in the US to take a ride from someone on a motorbike.