I wonder how long they’ll stay competitive with taxis. From what I understand, they were subsidized pretty hard by VCs during the low interest rate era.
Anecdotally, Uber would’ve charged me $75 for a ride from JFK airport to uptown Manhattan, meanwhile every taxi had a $70 fixed fare. They’re already neck-and-neck. What’s going to give?
I wonder how long they’ll stay competitive with taxis. From what I understand, they were subsidized pretty hard by VCs during the low interest rate era.
Anecdotally, Uber would’ve charged me $75 for a ride from JFK airport to uptown Manhattan, meanwhile every taxi had a $70 fixed fare. They’re already neck-and-neck. What’s going to give?