It was all witch hunt from there.
I wouldn't think of just blindly hailing a cab anymore, especially in a city that's new to me. It doesn't have to be the lowest possible price, the experience just has to be consistent.
Log into the app. It already has my credentials and payment information stored. See the price, distance and time up front. Follow along the route while I'm driving. No money exchanged, no watching the meter or wondering if he's driving me around in circles. No fumbling for payment or pressure to tip.
That's the value.
In terms of price discrimination, they make more money on business travels or when it's crazy busy. The alternative is you can't get a cab. So I'm okay with it.
Their operating margin is about 10% which is reasonable for a business. The S&P 500 operating margin is 12.22%
And it's super easy to shop around. I always look at both Lyft and Uber and almost always go w/ Lyft as it usually has the lower price.
What are people complaining about exactly?
https://substack.com/home/post/p-163022654
https://www.gurufocus.com/economic_indicators/4226/sp-500-op...
Thus, my transit app would have access to my real location while Amazon thinks I'm still at home and Pokemon Go thinks I'm on an around-the-works trip to collect location specific items.
What makes you think people haven’t made back up plans?
Or are you saying government needs to do it for us?