Tag: Predatory Pricing

Why London’s Uber ban will divide opinion | Sky News

Why London’s Uber ban will divide opinion | Sky News

In an era in which most cars are routinely equipped with GPS, the years spent by traditional black taxi drivers learning “The Knowledge” – the ability to decide the quickest and most efficient route without referring to a map – have been rendered surplus to requirements. In spite of all this, TfL has effectively decided […]

Parsons Green Explosion: Uber Surge Pricing Began, But Company Will Refund Users | International Business Times

Parsons Green Explosion: Uber Surge Pricing Began, But Company Will Refund Users | International Business Times

Some U.K. Uber users complained on social media about price surges during the attack at Parsons Green station in London on Friday. However, the company quickly turned off the increase in prices and promised users in the affected area a refund. … Its worth noting that one of the tweets was from a person going […]

Ridesharing Program Under FBI Investigation | PYMNTS.com

Ridesharing Program Under FBI Investigation | PYMNTS.com

Uber is the focus of a federal investigation in New York as authorities determine whether the ridesharing company used software to interfere illegally with its competitors. The Wall Street Journal reported on the investigation, citing sources familiar with the process. The probe, led by the New York office of the Federal Bureau of Investigation (FBI) […]

Uber introduces new UberFLASH and UberTaxi services | Digital News Asia

Uber introduces new UberFLASH and UberTaxi services | Digital News Asia

UBER Malaysia has introduced two new services, UberFLASH and UberTaxi to its users in the Klang Valley. Under the new UberFLASH service it will connect riders with the closest drive-partner to them be it an UberX or taxi. The second service, UberTaxi, on the other hand, will allow riders to specifically request for a metered […]

Coke, Tatas watch out: Patanjali’s bottled water plan could create a splash | Moneycontrol.com

Coke, Tatas watch out: Patanjali’s bottled water plan could create a splash | Moneycontrol.com

Predatory pricing strategy can’t be ruled out Patanjali’s pricing strategy has been varied depending on the product category under question. While for Ghee, Patanjali enjoys a certain premium pricing with respect to other national players. In case of honey, Patanjali has resorted to predatory pricing. In case of bottled drinking water, we expect Patanjali to […]

Uber explains price hike during Merseyrail strike – and how you can get cheaper fares | Liverpool Echo

Uber explains price hike during Merseyrail strike – and how you can get cheaper fares | Liverpool Echo

Uber has explained why its prices surged this morning – after the ECHO discovered fares had gone up dramatically during the Merseyrail strike . We were quoted a price of up to £24 for a 4.3 mile journey – as Uber admitted its fares “were a lot higher” today, with rail services hit by strike […]

Sorry, Ald. Beale. Regulating Uber and Lyft surge pricing would hurt consumers. | Chicago Tribune

Sorry, Ald. Beale. Regulating Uber and Lyft surge pricing would hurt consumers. | Chicago Tribune

On the morning of Aug. 15, thousands of Red, Brown and Purple line commuters were left stranded after a dead body was found on the elevated tracks near the Fullerton station. Those who were able to summon Uber or Lyft cars on their smartphones were, in some cases, reportedly charged more than $100 for rides […]

True price of an Uber ride in question as investors assess firm’s value | Reuters

True price of an Uber ride in question as investors assess firm’s value | Reuters

RECKONING SOON? Uber’s losses stem from its drive to win global market share at almost any cost. That strategy was built on the assumption that Uber could achieve a dominant position in many big cities quickly and eventually raise prices. Kalanick himself said low fares were temporary. But eight years in, the strategy is now […]

Try as it might, LTFRB can’t repeal the law of supply and demand | Rappler

Try as it might, LTFRB can’t repeal the law of supply and demand | Rappler

Regulating ‘surge pricing’ Market prices orchestrate the decisions of consumers and producers. In the case of Uber and Grab, riders want to hail vehicles when prices are low, while drivers want to ply the streets when prices are high (or “surge”). Governments worldwide are particularly keen to regulate “surge pricing.” It is often taken as […]

How ‘Gaming’ the System Helped This Business Get Thousands More Customers | Entrepreneur

How ‘Gaming’ the System Helped This Business Get Thousands More Customers | Entrepreneur

Sometimes it’s busy, sometimes it’s slow. Such is the nature of running nearly any kind of business. Off-season lulls seem to drag on forever, and bad weather causes customers to change their plans and spend their dollars elsewhere. Simply offering a coupon, sale, matinee price or happy hour doesn’t always cut it. Even dynamic, demand-based […]