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points by fn-mote 2 days ago | 0 comments
> market capture really work if they had to raise their prices so much as to make the service unworkable for most people?

Hate to say it, but in this case you’re not the market so you are irrelevant.

Here’s data from Chicago, USA, showing Uber and Lyft dominate the market now, so yes, it worked.

https://toddwschneider.com/dashboards/chicago-taxi-ridehaili...

[–] leptons 2 days ago
That's great that they dominate a shrinking market, because few people can afford to pay $80 to go 15 miles.
[–] adventured 1 day ago
Uber isn't dealing with a shrinking market. They're becoming critical transportation infrastructure and their business keeps expanding year after year.

$32b -> $37b -> $44b -> $52b -> $57b

That's Uber's sales growth year by year. And now they're solidly profitable.

The sole threat to Uber is the Waymo / Tesla automation angle. A merger is most likely there.

[–] lovich 2 days ago
Why do I need to care about profitability as a business if I can capture a shrinking market? /s

It feels like a related statement to someone willing to burn their own country to rule over the ashes.