91–95 of 95 posts
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The story of Uber is one of how surprisingly long they can keep an unsustainable (and illegal) business model running. They were supposed to be dead for a long time now. They're still kicking.
What is Uber doing that you consider illegal?
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If Lyft and Uber both raise their prices by say 50% around the same time. And they can get away with however that would be achieved then yeah I agree with you completely. They’d def lose riders. But not close to 50% of rides. Not even half that. For myself, I’d ride a bit less. Probably not do 1 in 4 rides I’d normally do. But when I need a ride back from the train station or I’m late to something and public transit…
> If Lyft and Uber both raise their prices by say 50% around the same time. And there's the rub. They're playing investor-bonfire chicken. More strictly: it's prisoner's dilemma. Defection is the dominant strategy.
How about people get guaranteed certain rights and services by the government so we don’t have to worry about whether someone’s an employee or contractor?
Because Americans don't like paying taxes. It's why we revolted against the British in the first place.
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> If Lyft and Uber both raise their prices by say 50% around the same time. And there's the rub. They're playing investor-bonfire chicken. More strictly: it's prisoner's dilemma. Defection is the dominant strategy.
No, it is the iterated prisoners dilemma. Tit-for-tat increases can result in a price climb.
That said, it would be interesting to see what their respective price charts look like over time. A typical strategy for signalling not-technically-a-cartel price rises is to announce price raise well in advance. If the others don't match, you quietly drop it.
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Because Americans don't like paying taxes. It's why we revolted against the British in the first place.
That was about taxation without representation, which doesn't help explain why DC residents don't get to vote.