Re:Tech Unicorns Are Going Public at Near-Record Pace
by ghaff on Wednesday December 19, 2018 @03:13PM
(#18719100)
>induce demand via lower prices
Perhaps. On the other hand, the more price sensitive someone is about using Uber, the more of a luxury good it probably is for them.
If you have no real option but to use Uber (Lyft/taxi/etc.) then you'll probably have to suck it up and pay what it costs, at least up to a point. If you have alternatives like public transit and walking, those will likely still be cheaper which may be important in a downturn.
Re:Tech Unicorns Are Going Public at Near-Record Pace
by jquery on Thursday December 20, 2018 @01:25PM
(#18727543)
You're also right, I think meant cycle-resistant, not counter-cyclical. In a recession, Uber will hurt along with most companies, just not as much as ad-based ones.
Perhaps. On the other hand, the more price sensitive someone is about using Uber, the more of a luxury good it probably is for them.
If you have no real option but to use Uber (Lyft/taxi/etc.) then you'll probably have to suck it up and pay what it costs, at least up to a point. If you have alternatives like public transit and walking, those will likely still be cheaper which may be important in a downturn.