alex block 🚅

tbh, the Uber/Lyft business model never made sense. The robotaxi thing was at least logical, if implausible. But absent that, the best case was marginal improvements on the taxi business…

https://www.fullstackeconomics.com/p/i-drove-for-lyft-for-a-week-and-learned

I drove for Lyft for a week and learned its business model is broken

Lyft charged one of my passengers $59. I got $16.52.

Full Stack Economics
Dec 22, 2022 at 9:47pmWeb
Show threadPirateQueenKateDec 22, 2022
@alex_block on the plus side, I think it motivated a lot of cab services to have apps for hailing. As someone who lives in an area that isn’t regularly traveled by cabs, it’s nice to have a hail option that isn’t calling them
Show threadalex block 🚅Dec 22, 2022
@PirateQueenKate oh, absolutely. It’s a genuinely useful adaptation. But it’s definitely not worth the billions of dollars they implied, and certainly not the kind of world-changing technology the rhetoric suggested.
Show threadPirateQueenKateDec 22, 2022
@alex_block 110% agree with you on that. It did not shift any paradigm. It simply equalized a smidge