[iM8t]

And now Bolt (formely Taxify) is getting competition from Yandex.Taxi. The Russian equivalent of Uber.

It's a race to the bottom. But customers benefit, which is nice.

[dullgiulio]

In the short term they do, but if the benefits are based on VC, they just cannot last forever.

[wqwh]

Then they'll benefit for a few years. Having low prices for 3 years is better than having low prices for 0 years.

[toper-centage]

What about the drivers being paid peanuts? They are users too.