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A comment on Uber and Lyft surge pricing drives SF customers back to taxis. Parent comment

Re:Uber and Lyft surge pricing drives SF customers back to t... by spywaregorilla on Friday July 09, 2021 @06:27PM (#27789228)
Is there any evidence that this is due to regulation and not just market forces coupled with a finite pool of burnable vc funding?
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Re:Uber and Lyft surge pricing drives SF customers back to t... by pseudo0 on Friday July 09, 2021 @10:39PM (#27790692)
Toronto taxi medallion prices peaked at $360k CAD prior to Uber entering the market [0]. That seems like pretty strong evidence of the system being coopted to serve the interests of medallion holders rather than consumers.

[0] - https://globalnews.ca/news/1780260/toronto-taxi-licence-pric...

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Re:Uber and Lyft surge pricing drives SF customers back to t... by gms on Saturday July 10, 2021 @08:44AM (#27792989)
Market forces alone (in particular: competition) don’t lead to consumers being hurt.
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Re:Uber and Lyft surge pricing drives SF customers back to t... by spywaregorilla on Monday July 12, 2021 @11:31AM (#27811289)
Market forces lead to consumers being hurt all the time due to externalities, information asymmetry, monopolistic / monopsonistic / platform owner powers, etc.
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