News for hackers. Stuff that matters.

A comment on Uber Posts $5.2B Loss and Slowest Ever Growth Rate. Parent comment

Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by aiddun on Thursday August 08, 2019 @10:57PM (#20650992)
Same thing happened with Via in NYC. They used to offer $5 flat rides to anywhere in Manhattan, now prices for the most part are variable and sometimes much more. It was unfortunately too good to be true. They offer a subscription pass that can use pre-tax dollars but for me personally it's not the same.
[ Parent | on HN ]
Re:Uber Posts $5.2B Loss and Slowest Ever Growth Rate by randyrand on Friday August 09, 2019 @02:24AM (#20651762)
promotional pricing in the beginning is a very common technique to increase market share.

This is particularly important for industries with large network effects like ridesharing.

[ Parent | on HN ]