Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
1–10 of 303 posts
Re: Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
#2“You guys aren’t allowed to manipulate fares... we get to do that!”
Re: Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
#3As Charles Munger said "Show me the incentive and I will show you the outcome".
Re: Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
#4That's one clever way to unionize...
Re: Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
#5I dont see how Lyft gets off calling this fraudulent. Seems to me it's the system working as intended, and as it should.
Drivers dont want to drive for under a certain value, so they simply inform the app who adjusts the value to fulfill demand. Seems like its what you want to happen.
Re: Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
#6"On average, Lyft drivers earn over $20 per hour."
I wonder if this figure takes into account all the waiting time, or just driving time on the app. If it is the latter, then that's a pretty scummy thing to say, considering that most drivers spend less than a third of the time actually driving people to their destination, putting the actual number closer to 7.00 an hour.
Re: Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
#7Uber/Lyft probably knew this was going on already, but since it increases revenue, probably was looking the other way. It’s going to be hard to ignore this now that it’s getting media attention.
Re: Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
#8As much as I would be displeased if my fare were manipulated, I can only blame Uber and Lyft for this. They created an incentive for drivers to act as a unit, and groups of drivers are figuring it out. Really makes you long for the transparent, posted pricing of municipal taxis
Re: Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
#9> They can’t afford to pickup people at Reagan for $4 in rush hour traffic.
Are they really getting paid $4 to give someone a ride? That seems so low that drivers would be incentivized to find another job.
Re: Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
#10I dont see how Lyft gets off calling this fraudulent. Seems to me it's the system working as intended, and as it should. Drivers dont want to drive for under a certain value, so they simply inform the app who adjusts the value to fulfill demand. Seems like its what you want to happen.
And it’s not like Uber and Lyft are a monopoly. Taxis are available, and there are roughly eighteen million private car services in the area.