Do Uber and Lyft have access to each others’ pricing data?
Was at San Jose airport an hour ago and each time I refreshed during surge pricing for both apps, the pricing was within a dollar or two of each other. Moreover, at some point I refreshed the Uber app and the surge pricing went away. When I visited to the Lyft app almost immediately after, the surge pricing went away for it too. So, do they have access to each others’ pricing data?
The pricing is based on supply and demand. The supply side is overlapping by a big margin. Demand is mostly common. How do you expect prices to be different?
I was at JFK this morning, Lyft was 30% costlier than Uber everytime I checked. And I checked like 15 times
We use the same machine learning model. Too expensive to host and maintain two models. Less ML engineers. Those bastards are le expensivo!!! It's a company secret, so please don't tell anyone....
Trollololol
Yes. We have people calling Lyft and informing them of every single fare request. They have the same. People wonder why we need so many employees. It's for this.
Yes. The reason we cannot be profitable is we pay each other a lot of money through third parties to get the data. Just so that we have no competitive advantage over each other
I work in a different domain and my company pays million $ to collect immediate competitors' data, collected by independent third party organizations. Yes, it's legal. Don't know how it works for Uber/Lyft. Maybe they just have similar algorithms for determining surge pricing.