Re:Rideshare operations are being suspended in California
by smsm42 on Saturday August 22, 2020 @02:03AM
(#24242017)
> How long do you think that this will stay like this?
If I knew how to answer questions like that, you'd see me on TV giving interviews about my trillion-dollar hedge fund.
> After competition dies out prices will skyrocket.
I have yet to see a single scenario where this actually happened without being a product of government-granted monopoly (e.g. patents in pharma). But if Uber is going to charge me 3x for the same ride (just as taxis do now) I'll stop using them (just as I stopped using taxis). In the meantime, I've been saving money for a decade. I think it's a good deal.
If I knew how to answer questions like that, you'd see me on TV giving interviews about my trillion-dollar hedge fund.
> After competition dies out prices will skyrocket.
I have yet to see a single scenario where this actually happened without being a product of government-granted monopoly (e.g. patents in pharma). But if Uber is going to charge me 3x for the same ride (just as taxis do now) I'll stop using them (just as I stopped using taxis). In the meantime, I've been saving money for a decade. I think it's a good deal.