Gotta love market efficiency: "We just dropped uberX fares by 25%, making it 45% cheaper than a taxi" https://blog.uber.com/SFSummerPromo
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Replying to @paulbaumgart
@paulbaumgart well... Since this is a promotion, they're almost certainly losing money or have tiny margins.1 reply 0 retweets 1 like -
Replying to @kylemathews
@kylemathews True, but the underlying logic is that they're able to pay drivers less per mile by giving drivers more fares as adoption grows1 reply 0 retweets 0 likes -
Replying to @paulbaumgart
@paulbaumgart underlying marketing :-) I assume too they have lower costs than taxis but hard to know for sure. Mostly nitpicking.1 reply 0 retweets 0 likes
Replying to @kylemathews
@kylemathews I assume that's why they raised so much money: race to get the fastest virtuous cycle of: demand -> lower price -> more demand.
11:06 PM - 30 Jun 2014
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