News for hackers. Stuff that matters.
Re:Lyft Files for IPO by chrisseaton on Thursday December 06, 2018 @01:48PM (#18620849)
> If Uber and Lyft prices go up 1.5x to 2x, that suddenly means that in cities, taxis undercut them.

Taxis can't undercut them. Even if Uber were 2x as expensive, that would be ok because Taxis are 4x worse.

Re:Lyft Files for IPO by ghaff on Thursday December 06, 2018 @01:59PM (#18620954)
> Taxis are 4x worse

It really depends. One city I travel to fairly regularly, I tend to take Lyft because it's cheaper but I'm really indifferent to taking a cab vs. taking a Lyft for any other reason. In fact, I sometimes take a cab from the airport if there's no line and cabs just sitting there because it saves a few minutes.

Yes, taxis are generally bad in quite a few cities but it's not universal.