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|User Info||Jeff Bezos and All He Owns Must Be Destroyed; entered at 2017-11-24 13:29:09|
Registered: 2011-06-08 Boston
Uber and Lyft have effectively destroyed the taxi industry. While Taxis had a monopoly and government corruption behind it, Uber and Lyft seem to be the same as Amazon.|
They both lose money. As I understand, both subsidize their riders fares on a majority of rides. The fares are FAR below taxis: i.e. $20 to the airport vs. $40, from Harvard to Logan.
Further, a few friends have tried it and struggle to make $10/hr.
It is a race to the bottom. It is predatory in its pricing as they cannot provide their product at a fair market value.