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Tag: Predatory Pricing

Deliveroo may introduce dynamic pricing for menu orders | The New Paper

Deliveroo may introduce dynamic pricing for menu orders | The New Paper

Deliveroo may become the first food delivery service here to introduce dynamic pricing for orders off a menu, according to recent changes to its terms of service. The addition, in March, states that Deliveroo “may operate dynamic pricing some of the time, which means that prices of menu items and delivery may change while you […]

Lower pay and higher costs: The downside of Lyft’s car rental program | Los Angeles Times

Lower pay and higher costs: The downside of Lyft’s car rental program | Los Angeles Times

McNeill wrote that the company is expanding the program, hoping to increase driver earnings by offering fuel-efficient cars. “Someone wanting to drive with Lyft can rent a car for as little as a week and return it, if things didn’t work out,” Lyft spokesman Eric Smith said in a statement. “We’re proud to be able […]

GOQii Sends Legal Notice To Flipkart Over Predatory Pricing | Inc42

GOQii Sends Legal Notice To Flipkart Over Predatory Pricing | Inc42

California and Mumbai-based fitness and wearable startup  GOQii is taking legal action against ecommerce giant Flipkart due to deep discounting of its products which allegedly violate the sales agreement between the companies. GOQii founder Vishal Gondal told ET that the company had an agreement with Flipkart for the sale of its fitness bands. However, the […]

ComfortDelgro is testing out surge pricing on its app, but promises to limit fare increases | Business Insider Singapore

ComfortDelgro is testing out surge pricing on its app, but promises to limit fare increases | Business Insider Singapore

In a move mimicking the pricing model for ridehailing companies like Grab and Uber, ComfortDelGro is testing out a new feature on its app that resembles surge pricing. The feature, named ComfortRIDE, will see taxi fares get adjusted “according to market demand and supply”, ComfortDelGro said in a statement on Tuesday (May 7). ComfortDelGro CEO Ang Wei Neng said […]

Rail bosses set out plans for ‘dynamic’ pricing, meaning fares could vary to match demand | Daily Mail Online

Rail bosses set out plans for ‘dynamic’ pricing, meaning fares could vary to match demand | Daily Mail Online

Rail bosses yesterday set out plans for ‘dynamic’ pricing – varying fares to match demand. The rigid system of peak and off-peak times could be relaxed so that passenger numbers are ‘spread more evenly’, a report said. Travellers would be able to buy cheaper tickets on the day for quiet trains, while busy services would […]

Lyft and Uber lure people with low fares, but how long will cheap ride-sharing last? | MarketWatch

Lyft and Uber lure people with low fares, but how long will cheap ride-sharing last? | MarketWatch

Ridesharing giant Lyft went public on March 28 and, earlier this month, its bigger rival Uber said it will soon follow with its own IPO. The IPO prospectus for Lyft and the initial filing to the Securities and Exchange Commission by Uber lift the veil for the first time on the sustainability of their business […]

Uber v.s. Taxi: Which Saves You More? | The Daily Reckoning

Uber v.s. Taxi: Which Saves You More? | The Daily Reckoning

Other Costs to Consider Tipping – another major difference between ride sharing apps and taxis is tipping etiquette. Most taxi riders tip their drivers around 20 percent. Uber riders rarely tip at all since tipping has only recently become a feature within the apps. Surge pricing – another difference between ride-hailing apps and taxi cabs […]

Uber vs. Lyft: A Comparison Shows Which Is Better | Inc.

Uber vs. Lyft: A Comparison Shows Which Is Better | Inc.

3. Pricing Uber and Lyft, being fierce competitors in most markets, charge pretty much the same during normal times. But both also charge higher prices in high-demand situations so as to bring in more drivers when they’re needed. Uber calls this “surge pricing” and Lyft calls it “prime time.” Both Chen and other observers have […]

Uber launching JUMP scooters in Baltimore as Bird nearly doubles price per minute | Baltimore Sun

Uber launching JUMP scooters in Baltimore as Bird nearly doubles price per minute | Baltimore Sun

Uber is launching a fleet of about 300 of its JUMP electric scooters in Baltimore this week, becoming the latest company to join the city’s dockless scooter program, while a competitor nearly doubled the price per minute to ride Monday. The JUMP scooters are free to unlock and cost 15 cents per minute to operate. […]

Shorts line up for a Lyft ride despite surge pricing | The Mighty 790 KFGO

Shorts line up for a Lyft ride despite surge pricing | The Mighty 790 KFGO

NEW YORK (Reuters) – What a difference a week makes. Lyft Inc has gone from IPO darling to short sellers’ best friend. Investors have ramped up bets against Lyft, which went public in an IPO priced on Thursday at the top of its already-elevated target range, even as borrowing fees became the most expensive in […]