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A comment on Uber Founder Travis Kalanick Resigns as C.E.O.. Parent comment

Re:Uber Founder Travis Kalanick Resigns as C.E.O. by linkregister on Wednesday June 21, 2017 @02:39PM (#14606700)
The share of taxi rides in Manhattan has decreased by almost the same amount Lyft and Uber rides have increased [1]. The overall number of rides has increased in the other boroughs due to Lyft and Uber ridership.

1. http://toddwschneider.com/posts/analyzing-1-1-billion-nyc-ta...

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Re:Uber Founder Travis Kalanick Resigns as C.E.O. by davidf18 on Wednesday June 21, 2017 @03:35PM (#14607129)
Interesting, thanks. It justifies Uber spending more money on marketing to expand market share.
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Re:Uber Founder Travis Kalanick Resigns as C.E.O. by linkregister on Wednesday June 21, 2017 @05:04PM (#14607958)
Maybe, it is very likely that NYC rides need to be propped up with incentives by ridesharing companies. We won't know the economics until somebody tries to IPO or shutters their company.
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Re:Uber Founder Travis Kalanick Resigns as C.E.O. by davidf18 on Wednesday June 21, 2017 @06:00PM (#14608328)
Actually, the normal Yellow Cab rates are so high in NYC that Uber can still charge rates twice that of Chicago Uber and come out ahead (NYC $1.75 per mile, Chicago $0.90 -- twice the amount).
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