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A comment on Chicago taxi industry sliding towards collapse. Parent comment

Re:Chicago taxi industry sliding towards collapse by DashRattlesnake on Saturday June 10, 2017 @02:49PM (#14528612)
> Yeah, and I bet after Borders shuts down, you'll see Amazon raise book prices sky-high!

There's some truth to that: whenever I bother to check I find that Amazon is no longer price-competitive with brick-and-mortar.

> If Uber tripled prices, a competitor would start up to cut into their market share.

...unless there's no actual profit at anything less than 3x the current prices. Isn't Uber running on a VC subsidy right now?

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Re:Chicago taxi industry sliding towards collapse by Hydraulix989 on Sunday June 11, 2017 @04:30PM (#14533617)
To be fair, Uber has already been profitable in some markets.

3x the current prices would put us at roughly what taking the cab looked at before Uber cost-wise.

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