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Friday, September 27, 2019

Why cant Uber just raise their prices?

With Uber losing so much money, Lyft also. Why dont they raise prices?

In Miami, a ride from the airport in a taxi used to be $32. And it was horrible in every way.

Uber comes in and the prices is $22. And its wonderful in every way.

I dont understand the pricing model. Its an amazingly convenient service that people would have paid MORE for than the existing horrible solutions.

Why not raise prices?



Submitted September 27, 2019 at 07:13PM by BornInForestHills https://ift.tt/2lK8pfR

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