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A comment on Uber's billion-dollar losses expose the fragile state of the on-demand economy. Parent comment

Re:Uber's billion-dollar losses expose the fragile state of ... by Someone on Friday September 16, 2016 @04:20PM (#12517046)
On the other hand, if a competitor offers flat-rate payments at the average price Uber pays (= lower than the drivers making the most rides get, but higher than the drivers making the least number of rides get) new drivers entering the market and drivers making few rides should flock to the competitor.

Uber's strategy will only work if those drivers, on average, are worse than the ones making many rides.

[ Parent | on HN ]
Re:Uber's billion-dollar losses expose the fragile state of ... by employee8000 on Saturday September 17, 2016 @12:03AM (#12519061)
You need the customers to pay these drivers. Until you get a proper and healthy two-way market, all these ridiculous hypotheses won't actually work.
[ Parent | on HN ]