News for hackers. Stuff that matters.

A comment on Uber’s IPO means higher fares for rides. Parent comment

Re:Uber’s IPO means higher fares for rides by Moxdi on Monday June 03, 2019 @02:03AM (#20080737)
is that sustainable though?
[ Parent | on HN ]
Re:Uber’s IPO means higher fares for rides by sna1l on Monday June 03, 2019 @02:06AM (#20080750)
Honestly, I have no idea.

Lots of people have gotten very used to taking Uber/Lyft places. Once the prices go up, will that behavior change? The original iPhone sold at 500 to 1500 for the XSMax 512 GB. Obviously it isn't an apples to apples comparison, but I think the crux of the strategy depends on how inelastic ridesharing is.

[ Parent | on HN ]