By me @stratechery:
Why Uber Fights
http://stratechery.com/2014/uber-fights/ …
To understand Uber and its controversies you need to understand its potential
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Replying to @benthompson
@monkbent Great article, but I think you overestimate switching costs, & so potential for abusive monopoly. They'll always be on their toes.1 reply 0 retweets 0 likes -
Replying to @paulbaumgart
@paulbaumgart it's not switching costs that matter1 reply 0 retweets 0 likes -
Replying to @benthompson
@monkbent Call it brand loyalty. New entrants can still buy their way into a city assuming consumers decide more on price than anything else1 reply 0 retweets 0 likes -
Replying to @paulbaumgart
@paulbaumgart incumbent can match price and offer superior service1 reply 0 retweets 2 likes -
Replying to @benthompson
@monkbent But that still limits their pricing power a lot, doesn't it?1 reply 0 retweets 0 likes -
Replying to @paulbaumgart
@paulbaumgart temporarily, until the entrant goes out of business1 reply 0 retweets 2 likes
@monkbent I see your point. So, stable outcomes are either 50/50 split or winner-take-all. And the window for 50/50 has probably closed.
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