Tag: Predatory Pricing

Governments are cracking down on Uber because they don’t understand it | Rare

Governments are cracking down on Uber because they don’t understand it | Rare

So how does this two-sided market work? First, drivers choose which app to use based on the cost of the using the platform and the number of riders. Uber knows this, so it tries to attract as many riders to use the app as possible by offering them the service for free, and giving them […]

Uber Pushed the Limits of the Law. Now Comes the Reckoning | Bloomberg

Uber Pushed the Limits of the Law. Now Comes the Reckoning | Bloomberg

Shortly after taking over Uber Technologies Inc. in September, Dara Khosrowshahi told employees to brace for a painful six months. U.S. officials are looking into possible bribes, illicit software, questionable pricing schemes and theft of a competitor’s intellectual property. The very attributes that, for years, set the company on a rocket-ship trajectory—a tendency to ignore […]

Uber suspends dynamic pricing amid NSL disruption | Channel NewsAsia

Uber suspends dynamic pricing amid NSL disruption | Channel NewsAsia

SINGAPORE: Ride-hailing service Uber said it will temporarily suspend dynamic pricing amid the massive disruption to train service along the North-South Line (NSL) on Saturday (Oct 7). According to an Uber Singapore spokesperson, the company is working with the Land Transport Authority “to assist with the MRT service disruption between Ang Mo Kio and Marina […]

When is Pricing Predatory? | Lexology

When is Pricing Predatory? | Lexology

Are well-funded, industry-disrupting market entrants in the sharing economy engaging in unlawful predatory pricing? Some have raised concerns that popular ride sharing services and other similar startups have created a dangerous probability of a monopoly by implementing business models that are designed to gain market-share by initially operating at a loss. These companies have raised […]

LTFRB justifies approval of recent taxi-fare increase | BusinessMirror

LTFRB justifies approval of recent taxi-fare increase | BusinessMirror

The current fare matrix is as follows: a P40 provisional flag down rate, P3.50 per succeeding 300 meters and a P3.5 charge for waiting time. The board decided to rule in favor of several consolidated petitions Prices of gasoline have increased over the course of the seven-year hiatus on permanent taxi-fare adjustments. “What convinced the […]

Uber imposes waiting charge on tardy riders in Singapore | Channel NewsAsia

Uber imposes waiting charge on tardy riders in Singapore | Channel NewsAsia

SINGAPORE: Uber passengers – show up on time or pay a penalty. Ride-hailing service Uber said on Monday (Oct 2) it has begun charging passengers a late fee of S$0.20 per minute, if their drivers are kept waiting for more than three minutes. The timer begins when the driver arrives at the pickup location and […]

Commuters pick cheaper rides | The Star Online

Commuters pick cheaper rides | The Star Online

Asean master tourism trainer Y.S Chan, who conducts training for taxi drivers and also writes regularly on tourism, training, transportation and taxi issues, summed it up perfectly saying, “Every new taxi app rolled out has been touted as state of the art, and there is no doubt technology keeps getting better. “But the reality remains […]

Uber offers refund after fare hike following Croydon bomb scare | Eastlondonlines

Uber offers refund after fare hike following Croydon bomb scare | Eastlondonlines

Uber pledged today to refund commuters stranded at East Croydon Station after a bomb scare yesterday led to people paying almost triple their normal fare. The so-called “surge” price came after the station was forced to close after reports of a suspicious package. In a statement given to Eastlondonlines an Uber spokesperson explained how the app uses “dynamic pricing” to increase the fare in areas of […]

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 […]