Re:Riders face long waits as Uber and Lyft struggle to recru...
by smt88 on Wednesday April 07, 2021 @04:01PM
(#26730375)
> compare the differences or similarities on the monopolies which Uber, Lift, and the Traditional Taxi Medallion industry all hold
I disagree with your premise, that Uber and Lyft are monopolistic. They certainly try to be, but they have lots of competitors (including each other).
One other major difference is that traditional medallions were oligopolies created by governments. That system did not arise from heavily-capitalized, loss-leader tactics in a de-regulated market (which is what Uber/Lyft are doing).
I disagree with your premise, that Uber and Lyft are monopolistic. They certainly try to be, but they have lots of competitors (including each other).
One other major difference is that traditional medallions were oligopolies created by governments. That system did not arise from heavily-capitalized, loss-leader tactics in a de-regulated market (which is what Uber/Lyft are doing).