In the classical economic sense, Lyft/Uber should be competing to drive prices d... | Hacker News

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		woooooo 5 months ago \| parent \| context \| favorite \| on: Anthropic agrees to pay $1.5B to settle lawsuit wi... In the classical economic sense, Lyft/Uber should be competing to drive prices down to razor thin margins for the facilitator service. Is that happening? Or are they pocketing fat margins? And it wasn't much of a cartel in NYC before, anyways. Most subways stops in Brooklyn had a black car nearby if you knew how to look for them.

NovemberWhiskey 5 months ago [–]

Last time I checked, neither Uber nor Lyft were profitable (at all!) before the 2023-2024 time period.

woooooo 5 months ago | [–]

True but if they need 25-50 percent to be unprofitable.. why are we so mad at the previous cartel again? I thought this was progress?

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