×
Post New Topic

Your Uber ride could get 80% cheaper over the next decade

{{ ratingSum }}
LockieTavish
37 Driver
 Posted 3 years, 3 months ago

Everyone's talking about Uber and Lyft raising prices in order to make a profit...  This article says otherwise. Oh, they are thinking of firing all drivers?  oh...

I feel like they are just trying to hang in there until the autonomous vehicles finally come around, and they skyrocket into profitability...

"The average fare paid by passengers could fall by more than 80% and become cheaper than a metro ticket," the team of analysts wrote in their lengthy report to clients, published on May 22. "In such a scenario, the robo-taxi fleet would still generate a healthy profitability margin of more than 30%."

That's good news for Uber and Lyft, which are still heavily in the red as they continue to grow, but more bad news for public transportation systems. Multiple studies have already shown that ride-hailing services are quickly siphoning off users from trains and buses.

https://www.businessinsider.com/uber-lyft-fare-prices-could-fall-by-80-ubs-estimate-2019-5

Comments

    {{ ratingSum }}
    Uberserge
    1296 Rider Driver
     3 years ago

    Yeah, estimates on something by 2030 before one goes more than a couple of miles without human intervention or killing someone. Keep smoking what you're smoking.

    {{ ratingSum }}
    PhilDorfman
    46 Driver
     3 years ago

    I’ll be dead by the time autonomous vehicles take over, so this doesn’t concern me.