Lyft don't lower your rates in Denver, Colorado like Uber did - Don't be stupid
I'm not sure what Lyft will do as a company. As a expert on game theory and economics this was brilliantly designed by Uber. Based on past experience you will feel the need to lower your prices. DON'T DO IT. The only way you can do it is to match a guarantee with the driver pay as well. If you can't keep up with the burn rate it will kill Lyft as a business. Hold the line. Uber is only doing it until the end of January.
As a company you can implement pricing in each market. Pricing is more inelastic than you think. Don't lower fares here hold the line. Customers are willing to pay. Drivers are willing to drive.
5 Comments
i'm getting more Lyft pax since Uber lowered rates. They tell me they usually take UberX but every time they logon those fares are always surging. .
don't be a follower
don't do it. riders are not logging onto uber and forcing people to ride with lyft.
Thanks for signing I hope Lyft doesn't lower there rates.
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Lyft don't lower your rates in Denver, Colorado like Uber did - Don't be stupid
I'm not sure what Lyft will do as a company. As a expert on game theory and economics this was brilliantly designed by Uber. Based on past experience you will feel the need to lower your prices. DON'T DO IT. The only way you can do it is to match a guarantee with the driver pay as well. If you can't keep up with the burn rate it will kill Lyft as a business. Hold the line. Uber is only doing it until the end of January.
As a company you can implement pricing in each market. Pricing is more inelastic than you think. Don't lower fares here hold the line. Customers are willing to pay. Drivers are willing to drive.
5 Comments
due to the large increase in drivers we are already struggling to make 60% of what we used to make. Decreasing our rates on top of that would make it impossible for many, and extremely detrimental for others to keep driving. The wear and tear on our vehicles alone would make it no longer worth it.
i'm getting more Lyft pax since Uber lowered rates. They tell me they usually take UberX but every time they logon those fares are always surging. .
don't be a follower
don't do it. riders are not logging onto uber and forcing people to ride with lyft.
Thanks for signing I hope Lyft doesn't lower there rates.
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due to the large increase in drivers we are already struggling to make 60% of what we used to make. Decreasing our rates on top of that would make it impossible for many, and extremely detrimental for others to keep driving. The wear and tear on our vehicles alone would make it no longer worth it.