Re:Lyft Loses $600M in 2016 as Revenue Rises to $700M
by dnautics on Sunday January 15, 2017 @06:15AM
(#13403518)
Competitive and sustainable? Tell that to the non-owners taxi driver suffering under exploitative commission structures and has to rent their car from an intermediary to even begin to make money.
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Re:Lyft Loses $600M in 2016 as Revenue Rises to $700M
by cel1ne on Sunday January 15, 2017 @06:20AM
(#13403531)
Can both of you, give an example where classic taxi-drivers are in a particulary bad position and being helped by lyft & uber and an example where it's the other way round?
Re:Lyft Loses $600M in 2016 as Revenue Rises to $700M
by disordinary on Sunday January 15, 2017 @01:54PM
(#13405637)
That's why I said in many cities.
In quite a few cities the Taxi industry is the only opportunity for immigrants and they're forced to work long hours in rented vehicles for very low wages. That's not good. In other cities the taxi industry requires quite a lot of education and is harder to get into.
Where I live Uber drivers are often taxi drivers, they pull the taxi signs off their cars when they get an Uber pickup, despite the fact that we have a fairly exploitative taxi system they say that they get paid less by Uber.
Ultimately there are dozens of taxi companies and one Uber, those taxi companies range from very large to tiny but none of them can afford to run sustained losses to knock out competitors like Uber.