Earlier quoted context omitted.
I don't think releasing the video was right. Regarding Uber black, another HN user points out, > Travis is right on a technicality they did not lower Uber Black prices much if any. What they did instead was coerced Uber Black drivers to take Uber X request. Yes drivers can reject Uber X request, but if you reject a certain amount of Uber rides, they kick you off their system. Probably why the driver is complaining ab…
If the consumers are voting with their wallets that they want more Uber X rides and less Uber Black rides, well, that's what should happen. To bring supply back in line with demand, some drivers who used to drive Uber Black should either leave or downgrade, and if they won't do it willingly, then some drivers going bankrupt is a way how the market forces "driver supply" to go in the direction where it apparently need…
You are right that some drivers going bankrupt is how the market would correct, but forcing them to take uberx fares at below cost is a dreadful idea and definitely not free market economics. If anything, it's like a govt regulation that requires businesses to do some stuff below cost to still be in the game.