[londons_explore]

Uber could easily make a profit.

They could double their fares, and fire 90% of their engineers, and for a quarter or two, they'd make insane profits before the public flocked to other platforms and a lack of product innovation killed them.

Think AOL. They still have a lot of dialup customers, and still make profit from them.

[PopeDotNinja]

Price elasticity is a thing. I wouldn't pay double.

[wolco]

It would allow other players to raise prices and make a profit.

[londons_explore]

You might pay double for a while until you got round to finding and signing up for a new app.

And in many places, Uber is a monopoly - it would take months for other apps to launch and scale.

[derision]

Almost every I know has both Uber and Lyft, will check both and pick whichever is cheapest at the moment

[Keats]

Lyft doesn't exist outside of the US.

[whenchamenia]

But other services do, or will.

[lazerpants]

It probably wouldn't have to be double. They're profitable in the NYC market and I think we pay about 30-50% more than other markets (anecdotally).