I’ve noticed that over the past year or so, Uber’s prices have been steadily creeping up. In 2017-2018 I could reliably get a pool for ~4.5-6.5 USD, now, the *default* option is express pool, and it’s about $6.50-8.00 on average. So, you get less by having to walk on both ends, and pay more. Also noticed an X has increased by like $3-4 over the past 2 years. Has anyone else noticed this in SF? People will say it’s becuase they IPO’d but I want to see if maybe it’s just Uber thinking I’m willing to pay more. I’m not. I almost always take Lyft now becuase lyft is cheaper 80% of the time or more. TC 215
But what'll you do when Lyft starts increasing its prices?
Take public transit more like I already do? I basically use rideshare to fill in the niche trips I make but frequently just take the bus to cut costs a little here and there. That wasn’t true 3 years ago when Rideshare was dirt cheap. I remember the good ole days of the $2.50 Uber pool from ride pass. Those aren’t coming back😂
Or move to EU where public transportation is sorted :P
Noticed the same too. Used to pool for 6$ now it’s 8$. Prefer lyft now.
Both are losing money hand over fist. Uber is a form of public transportation that operates at a loss, it is paid for by VCs. I use uber as much as possible since their loss is my gain.
Uber used to be even more expensive. Prices have to keep going up if they are to survive
Have you also tracked the price of bread?
No need to get defensive man, it was a sincere question. I think it goes without saying at a 1-3 price increase exceeds inflation.
That inflation you mentioned is the market overall. I bet gas, insurance and even taxes have gone up way more than the inflation rate.
Use Bellhop to compare rates between Uber and Lyft...
The price of Gas has gone up in the last few months too. And they have striking drivers to pacify. They are operating at a loss. If they could keep the cost down, they would have already done it.
Yep, uber cannot continue to lose 1b dollars a month forever lol. Why are you so price sensitive though? A 2 dollar increase make that much difference? It's still cheaper than public transportation. Your alternative is to walk/bike?
Read the s1 man... That will tell you where exactly the losses are
S1 is outdated. Read earnings. Your core business is margin negative by 14%. You are losing money on every ride, unless you are saying your financial statements are inaccurate (which we know is a problem right now).
From sf airport to san jose uber showed me 75 while lyft was 51. Today in city uber was showing me 21 bucks and lyft 12. I think uber is getting desperate for price increase. I always had uber as first choice but now lyft is winning my mindset.
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