- cross-posted to:
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- cross-posted to:
- [email protected]
Lyft wants to kill surge pricing.::The number of Lyft rides that were affected by surge pricing dropped 35% from the first quarter, according to CEO David Risher.
Lyft wants to kill surge pricing.::The number of Lyft rides that were affected by surge pricing dropped 35% from the first quarter, according to CEO David Risher.
Adjusting prices wouldn’t have gotten you more trucks, would it? Ostensibly you’d still have just as many people that couldn’t get a truck or had to travel. There was a spike in demand that wasn’t being met.
But if people knew up front they weren’t getting a truck, they could make other plans. Instead they only found out the day before their move, that they were screwed.
In the case of Lyft, what’s better: Knowing you’ll be able to get a ride for 2-3x the price? Or finding out while standing on the curb, your normal priced ride won’t be there for an hour or two?