[aaron695]

Do you have any evidence of this other than normal HN parnoia?

Why would they. Their cut would not be a hell of a lot more with a price hike. Why kill off sales? Why open up to competitors?

They are in a numbers game. Not a high ticket game.

Can you give an example of another company that has done this?

McDonald's hasn't gone to $20 burgers.. why would Uber price hike?

[jacalata]

McDonald's hasn't, quoting the OP you responded to, 'cut off all competition'. Are you imagining that with no competition, McDonald's would still not raise prices?

[aaron695]

People could still cook at home or go to restaurants, so I think McDonalds with no competition wouldn't. Why would they risk losing their monopoly if they had one in fast food.

Uber doesn't care what it drivers earn, why would it hurt sales by giving them more money?

Uber has broken a monopoly, yet people are prattling on that they might create one?

Has a company ever done this, one real world example?

Why get a monopoly by out pricing the competition then raise prices to allow someone to do it back to you?

[icebraining]

The idea that Uber can cut off all competition is suspect. They had to spend a lot of money because they were fighting the taxi monopoly and introducing a new type of product. But nowadays, all you need to compete is an app. The threat of competition is always there, as there's very little lock-in for both users and drivers.