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justin_evans
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justin_evans,
User Rank: Light Beer
11/9/2018 | 1:37:17 AM
Lyft Drives Mobile VC funding
Uber, the famous ride-sharing company, has revolutionized the taxi industry, which continues to increase market share, claiming 62 million rides in July 2016, up from 54 million the preceding month.  Extended in 450 cities globally, Uber has revolutionized the transportation industry, but its rise in popularity brings a few questions in mind:
  1. What does this change bring for taxi companies?
  2. How can taxi companies compete with Uber and get back market share?
  3. Will Uber keep on dominating the transportation industry in the future?

To answer these question i have read a post about best taxi dispatch apps. Will be greatful to hear your thoughts on this.
Mitch Wagner
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Mitch Wagner,
User Rank: Lightning
6/8/2014 | 10:56:21 PM
Re: Lyft
briandnewby - Taxi regulations generally ensure drivers are qualified and vehicles are safe. Sometimes they go too far and amount to regulatory capture, where the regulated business uses control over government to enact rules to prevent competition. Seems like a mix of both going on here.
jamesandrew684
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jamesandrew684,
User Rank: Light Beer
6/6/2014 | 3:21:09 AM
Re: Lyft
If government regulates these ride share services, then it ll become a quite useful for both cabbies and passengers. But still many major cities allows unregulated taxi dispatch system, however its good alternative for traditional cab services.
Mitch Wagner
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Mitch Wagner,
User Rank: Lightning
5/28/2014 | 3:58:31 PM
Re: Lyft
briandnewby - I suspect there's a mix of good motivations and bad in local governments' cracking down on ride-sharing services: Protecting citizens, protecting tax and fee revenue, and protecting political cronies. 
pcharles09
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pcharles09,
User Rank: Light Beer
5/27/2014 | 7:57:32 PM
Re: Lyft
That's what you would hope for. In NYC, it still scares me but hopefully it'll decrease the amount of cabs cutting each other off for a fare.
briandnewby
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briandnewby,
User Rank: Light Sabre
5/27/2014 | 4:06:12 PM
Re: Lyft
Well, if it's a win-win, no wonder there are hurdles :-)

I don't know enough about the history of taxis to know why the regulations exist.  It makes sense, of course, to regulate fares so that unsuspecting newcomers at the airport aren't taken to the, um, cleaners instead of their destination.

So, I'm sure there is more to regulating than a revenue source for the city.  But, my hunch is that the revenue source is the motive for cities being resistive now.
Mitch Wagner
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Mitch Wagner,
User Rank: Lightning
5/27/2014 | 2:07:45 PM
Re: Lyft
Sounds like an opportunity for all the cab drivers to spend less time waiting for a fare, while customers spend less time waiting for a cab. Everybody wins.
briandnewby
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briandnewby,
User Rank: Light Sabre
5/24/2014 | 9:30:19 AM
Re: Lyft
I imagine the drivers would like it.

On the other hand, in big cities, where cab drivers wait at the airport for hours at times, I imagine they wouldn't like it if others didn't have to follow the same rules.

On the other, other hand :-), maybe those rules need a swift kick.  I feel bad when someone has waited so long and my cab ride is just a $20 thing.

In the end, after cab costs and counting the wait time, the cab driver made about $5 an hour, at best.
DanJones
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DanJones,
User Rank: Blogger
5/23/2014 | 1:58:50 PM
Re: Lyft
I haven't done the numbers but the driver-finder, rride-sharing apps startups have garned vast amounts of money over the last couple of years. $280M for Uber, $250M for Lyft. There's got to be a shake-out at some point soon.
Mitch Wagner
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Mitch Wagner,
User Rank: Lightning
5/23/2014 | 1:54:34 PM
Re: Lyft
The taxi and limousine lobby is powerful in many US cities, and they stand to be the big losers from rideshare businesses like Lyft and Uber. 

I've been concerned that services like Lyft and Uber would depress wages for drivers. But the drivers I talk to love it. They say it gives them more money, more freedom, and better working conditions. 
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