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Tag: Lyft

Uber’s New Pricing Scheme Weaponizes Big Data | Inc.com

Uber’s New Pricing Scheme Weaponizes Big Data | Inc.com

While few people are likely to object to rich folk paying more than poor folk, Dave Sutton, of the public safety campaign Who’s Driving You? points out that “Uber’s new pricing scheme weaponizes its access to data against customers. It could be used to overcharge airport passengers late at night, the less-privileged in transportation deserts, […]

AI-powered dynamic pricing turns its gaze to the fuel pumps | The Register

AI-powered dynamic pricing turns its gaze to the fuel pumps | The Register

Analysis “AI” could soon be making petrol more expensive at times of peak demand like the start of a bank holiday weekend or the school run. Danish data analytics company a2i touts fuel pricing as an ideal implementation of its learning algorithms. The company claims that PriceCast Fuel, its dynamic pricing product, can improve fuel […]

Uber’s new pricing model could upset drivers | Business Insider

Uber’s new pricing model could upset drivers | Business Insider

Uber has been experimenting with a new pricing method in several cities that uses machine learning algorithms to predict the amount a customer is willing to pay for a given ride, Bloomberg reports. Uber hopes to grow its revenue with this new “route-based pricing” system, as it continues to bleed money for rider discounts and […]

House set to vote for more regulations on Uber and Lyft | WTNH

House set to vote for more regulations on Uber and Lyft | WTNH

The bill would require Transportation Network Companies such as Uber and Lyft to register annually with the Department of Transportation; and have drivers submit to background checks, according to Connecticut’s Office of Legislative Research. In addition, it establishes insurance, operational, non-discrimination, accessibility, and alcohol and drug test policy requirements for TNCs. The bill includes provisions […]

Lyft envisions a future where you either carpool or pay to drive | The Verge

Lyft envisions a future where you either carpool or pay to drive | The Verge

Logan Green and John Zimmer, the co-founders of Lyft, have an idea for ending traffic, but you may not like it. They published an op-ed today on Medium called “The End of Traffic,” in which they propose encouraging more people to carpool by charging a fee to those who don’t. According to Green and Zimmer, […]

SEPTA strike’s silver lining: Uber, Lyft, and cabs are doing great | Philly.com

SEPTA strike’s silver lining: Uber, Lyft, and cabs are doing great | Philly.com

Uber and Lyft, unlike cabs, increase prices in response to added demand, and rush-hour travelers noticed. The Inquirer monitored Uber’s pricing every half-hour Tuesday and Wednesday for a ride from Eighth and Market Streets to Jenkintown with data provided directly from the ride-sharing company’s servers.  Prices surged as high as 2.5 times the normal rate during rush hour. The ride-hailing businesses […]

Dynamic Pricing Strategies And How To Grow Capacity In A Digital Market — Uber, Lyft And Walmart And The China Lessons | The Huffington Post

Dynamic Pricing Strategies And How To Grow Capacity In A Digital Market — Uber, Lyft And Walmart And The China Lessons | The Huffington Post

Market price matures in the Race to the bottom in digital pricing online With lower prices for customers the down side is even lower profit margins for the operators, this “race to the bottom” of the lowest price may be fought out to grab customers and market capacity. In the case of a wide choice […]

Lyft Secretly “Lifts” Cap from Surge Pricing | Tech News Today

Lyft Secretly “Lifts” Cap from Surge Pricing | Tech News Today

Ride companies such as Uber and Lyft are facing severe opposition from its customers over their surge pricing. In order to counter the problem, Lyft has finally removed its Prime Time service (similar to Uber’s surge pricing). The pricing strategy was quietly taken down by the company in January as CEO John Zimmer notified the […]

Karnataka nixes surge pricing by taxi-hailing apps like Ola, Uber | The Economic Times

Karnataka nixes surge pricing by taxi-hailing apps like Ola, Uber | The Economic Times

BENGALURU: Karnataka has stood firm on not allowing surge pricing for app-based ride hailing services such as Ola and Uber in its new policy for the tech-enabled taxi aggregators, turning down a major demand from them. The fare and other charges, the policy says, cannot be higher than the fare fixed by the government from […]

The Promise — and Perils — of Dynamic Pricing | Knowledge@Wharton

The Promise — and Perils — of Dynamic Pricing | Knowledge@Wharton

Mobile app developer Atom Tickets has market-tested dynamic pricing in movie theaters, flush from a $50 million investment round led by The Walt Disney Co., Lionsgate and 21st Century Fox. With more than four billion movie seats going unoccupied each year, translating to substantial lost revenue, the goal was to find a pricing mechanism to fill […]