Thinking about buying Uber. I have some questions: 1. Can someone develop a kayak like app to price compare Lyft and Uber 2. Do smaller cities in the US only sustain one ride hailing service? 3. Has Uber started doing promos that the more a customer spends with Uber, the better
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Replying to @Molson_Hart
1. Probably, but why would they? It's really easy to compare the price of Uber and Lyft. It takes like 10 extra secs. I doubt a Kayak-like app would be successful b/c the comparison variables between Uber and Lyft are so few, unlike airlines/hotels.
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Replying to @svrnco
I think you’re overestimating the average person. To do what you said: 1. Open app 2. Type address 3. Drop pin 4. Wait 5. Remember 3-4 digit price and time to pickup Do it again Compare time to pickup and price. Decide. Impossible when you’re late/rushing
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Replying to @Molson_Hart @svrnco
I don't know a single person who doesn't price compare. Even to save 30 cents
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Replying to @compound100x @svrnco
Molson Hart Retweeted Sean Milich
App exists also:https://twitter.com/SeanMilich/status/1197736520368578560 …
Molson Hart added,
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Replying to @compound100x @svrnco
I tried last night and failed, possibly because no ride sharing in my area?
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Replying to @Molson_Hart @svrnco
Hmm not sure. But yea, their edge really limited. Imo, most is way weaker than ups /FedEx. Those time definite/ground networks took decades and billions to build. You can start a ride share tomorrow if u want in a smaller city with say 100m
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And compete the crap out of whoever is in that small city. Limited cross geography network effect. Value of network tapers too fast. They need to bundle more, deeper loyalty programs, fintech etc like what the Asian guys are doing
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In fact the players in Asia are looking to fintech to be the profit driver over ride share..
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What’s the fintech angle? Using the Uber app like WeChat to pay for shit?
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Replying to @Molson_Hart @svrnco
Sell fintech products like insurance, money mkt fund, short term loans etc
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