Re:G.M. Invests $500M in Lyft
by tedmiston on Monday January 04, 2016 @08:39PM
(#10840346)
With respect to the third point, I think this needs a source.
People in NYC don't own cars because public transit options are convenient, extensive (at least in Manhattan), and inexpensive.
While Uber/Lyft/etc are convenient and flexible, an unlimited MTA pass is $117/mo. It's hard to imagine Uber's cost dropping so dramatically so as to compete with that.
But maybe you'd argue that they don't need to, because Uber is replacing taxis [1]. I do think the discounted car sharing offerings like uberPOOL and Lyft Line could bring competition to public transit. It'll be interesting to see where their pricing settles in the long run and if/when either experiments with an unlimited rides offering.
People in NYC don't own cars because public transit options are convenient, extensive (at least in Manhattan), and inexpensive.
While Uber/Lyft/etc are convenient and flexible, an unlimited MTA pass is $117/mo. It's hard to imagine Uber's cost dropping so dramatically so as to compete with that.
But maybe you'd argue that they don't need to, because Uber is replacing taxis [1]. I do think the discounted car sharing offerings like uberPOOL and Lyft Line could bring competition to public transit. It'll be interesting to see where their pricing settles in the long run and if/when either experiments with an unlimited rides offering.
1: http://fivethirtyeight.com/features/uber-is-taking-millions-...