Re:Uber And Lyft take more from drivers than they say: survey
by Ididntdothis on Wednesday August 28, 2019 @08:14AM
(#20818989)
Something is going wrong if a middlemen takes such a big cut and still can’t make money.
Re:Uber And Lyft take more from drivers than they say: survey
by kerng on Wednesday August 28, 2019 @08:35AM
(#20819127)
The free market will tell us.
It works well for companies like Apple, Ticketmaster, etc..
That's what I tried to highlight with my post, which seems very reasonable, so I don't understand the massive downvoting.
Re:Uber And Lyft take more from drivers than they say: survey
by Ididntdothis on Wednesday August 28, 2019 @08:38AM
(#20819144)
Looking at Ticketmaster or the Apple app store it seems that a free market will lead to monopoly behavior once players grow beyond a certain size.
Re:Uber And Lyft take more from drivers than they say: survey
by kerng on Wednesday August 28, 2019 @09:34AM
(#20819582)
Correct, if a business model works and is successful it can lead to a monopoly. And there are laws that try to tackle that.
But its going off topic because Uber and Lyft are far away from that position, they hardly have a functioning business model in the first place.
Re:Uber And Lyft take more from drivers than they say: survey
by moate on Wednesday August 28, 2019 @09:29AM
(#20819529)
But that's what the consumers must have wanted. It's "free" market after all. There's no way it can be manipulated. Completely logical, always responds the way it "should" market.
Re:Uber And Lyft take more from drivers than they say: survey
by navigatesol on Wednesday August 28, 2019 @11:20AM
(#20820644)
>so I don't understand the massive downvoting
I'm curious about this too. Sure, I'm argumentative and sometimes post a bit too aggressively in my tone, but I've had seemingly innocuous posts get down-voted within a minute or two of posting them.
Normally I wouldn't care, but it seems like HN has an algorithm that punishes people who are consistently downvoted ("slow down"). It is possible to game that system?
The question is, if the entire business model does actually work and the good thing about capitalism is that we will see it over next 1-2 years as it's like natural selection. If drivers stick around (or self driving becomes reality), and riders are happy with pricing then both their customer bases are happy and business will flourish.
Otherwise, stock will fall and they disappear.