Re:Why I don't believe in Uber's Success
by SatvikBeri on Thursday January 19, 2017 @01:33PM
(#13438177)
I agree that Uber is trying to replace private car ownership, and I expect ride-sharing services like Uber/Lyft to succeed at this. But given those assumptions, is there any reason to expect them to be massively profitable? The current market seems to involve Uber & Lyft (& other competitors in different locations) competing on price, do you expect that to stop?
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Re:Why I don't believe in Uber's Success
by avn2109 on Thursday January 19, 2017 @01:37PM
(#13438235)
Presumably the (publicly) unacknowledged plan is to severely wound private car ownership and then collude with Lyft to fix prices, similar to how it worked with Didi in China [0].
There will likely be some regulatory capture on the side to discourage other competitors.
[0] http://www.wsj.com/articles/china-opens-antitrust-investigat...