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Re:Uber opens at $42 per share by usaar333 on Friday May 10, 2019 @09:57PM (#19884023)
They also care about wait times. And drivers care about utilization.

"Taxi apps" definitely have network effects from the two sided market, though not as strong as a social network.

Re:Uber opens at $42 per share by busymom0 on Saturday May 11, 2019 @01:30AM (#19884726)
From what I have found personally, the wait times on Uber and Lyft are the exact same in my area in Canada. Every driver which is on Uber is also on Lyft. So I don't think the network effect is helping them much as riders aren't really getting anything different in terms of wait times. Also this is even after Lyft barely being about 1 year old in my city while Uber has been around for many years.