Comment by abigail95
4 hours ago
Now Uber is profitable what stops a taxi from just competing again, forcing Uber to have to be unprofitable again?
4 hours ago
Now Uber is profitable what stops a taxi from just competing again, forcing Uber to have to be unprofitable again?
Skill issue. Taxi companies aren't able to innovate and adapt and improve, despite the competition from Uber, preferring instead to use lobbying and regulations too survive in a post-Uber world.
Actually, it is a marketing issue. Taxis did innovate and did improve and imo are a better product than uber today. They have an app that is no different than what you expect with rideshare apps. Actually it is better, I can schedule a ride and get a flat rate with tip already baked in to places like the airport. No need to fret about surge prices at all, what I see when I schedule it today is what I pay when it comes tomorrow or next week or next month, whenever I've scheduled it.
But, no one uses it, because uber and lyft have become kleenex or coca cola: the brand name associated with the basic phenomenon, such that consumers cannot even think about the phenomenon without thinking first of the brand and probably resorting to the brand.
I’ve tried taxis like 4 times in the past 5 years or so. I regretted it 3 out 4 of those times.
Maybe I’ll try again in a few years.