In the classical economic sense, Lyft/Uber should be competing to drive prices down to razor thin margins for the facilitator service. Is that happening? Or are they pocketing fat margins?

And it wasn't much of a cartel in NYC before, anyways. Most subways stops in Brooklyn had a black car nearby if you knew how to look for them.

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NovemberWhiskey 6 days ago | parent [-]

Last time I checked, neither Uber nor Lyft were profitable (at all!) before the 2023-2024 time period.

	▲	woooooo 6 days ago \| parent [-]
		True but if they need 25-50 percent to be unprofitable.. why are we so mad at the previous cartel again? I thought this was progress?