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If this is true, it simply means that Uber/Lyft outcompeted the yellow cabs in some other set of attributes, rather than price.

I'm guessing availability and ease of use.



Or that they used VC money to outcompete companies using artificially low prices, and then raised the prices to make some profit once they got a hold on the market


It's time to disrupt the disrupters.


That, plus willingness to take you to a destination outside of Manhattan. Yellow cabs would often refuse to go to an outer borough. Refusing a destination within NYC was actually against the law, but the law basically wasn't enforced.


That's a good point. Getting to EWR in Jersey used to be hard.


Being able to get into a car and get whisked off to your destination without having to talk to someone about directions is pretty nice


I don’t think the situation has stabilized, either for NYC or for Uber. Too many variables. It’s also possible a stable equilibrium doesn’t emerge and it’s just a pendulum that swings between upstarts and incumbents, regulated and deregulated, apps, cabs and dollar vans…




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