News for hackers. Stuff that matters.
Re:Lyft Files for IPO by gaius on Friday December 07, 2018 @04:56AM (#18626334)
very elastic use cases, like a ride home from the bar or a rescue from the rain

They manage demand via surge pricing, I thought. So is it really elastic?

Re:Lyft Files for IPO by jazzdev on Sunday December 09, 2018 @06:08PM (#18643906)
They also manage availability by surge pricing. It not only discourages riders, but it also encourages more drivers to work.
Re:Lyft Files for IPO by sarreph on Friday December 07, 2018 @07:55AM (#18627230)
I think it’s probably more like them capitalising on the elastic nature of the demand for these scenarios. Definitely an element of control as well though, as there is increased demand too (but it’s likely more elastic and therefore more tolerant to price increases).