|
|
|
|
|
|
by cyan_atrus
2678 days ago
|
|
|
not that it necessarily changes your argument, but the signup bonuses that uber / lyft offer are significantly higher than $5 (closer to $1k), and are structured in such a way to ensure you're not dual-apping. "A different model of what they are doing is using their massive revenue growth (not profit) to raise money to fund a search for real pricing power with food delivery, shared bikes, and Uber freight." I suspect this isn't far from the truth. |
|
|
Though they are really offering higher driver pay for a limited time on signup. To compete I'd just offer that higher driver pay all the time by taking less fees than Uber. Not correcting you or anything, just embroidering.
Over 10 years or so, this devolves into the taxi business, which without medallions is very low margin. [1]
[1] https://www.forbes.com/sites/lensherman/2017/12/14/why-cant-...