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treestar

(82,383 posts)

3. good old capitalism

Reply to demmiblue (Original post)

Mon Dec 15, 2014, 10:55 AM

Dec 2014

supply and demand. So that's their excuse. No, there's high demand, so let's take advantage and get them for all they are worth!

Love how the social pressure affected the market - no government regulation needed.

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14 replies

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Highlight:

Uber Charged $100 Minimum Fare To Flee Sydney Hostage Crisis Area [View all] demmiblue Dec 2014 OP

Sounds like their normal supply/demand algo kicked in. CincyDem Dec 2014 #1

Yep. It's an automated computer algorithm. Xithras Dec 2014 #14

Uber is shooting itself in the foot. dixiegrrrrl Dec 2014 #2

rape in India had nothing to do with Uber .. that is the prevading culture in that part of the coun srican69 Dec 2014 #4

And women aren't harassed on buses, trains, sidewalks and even inside their own homes JTFrog Dec 2014 #8

*had a history of sexual assaults* means that Uber didn't vet their drivers properly. Gormy Cuss Dec 2014 #9

good old capitalism treestar Dec 2014 #3

never heard of uber. how does it work? people use their own cars as taxis? Takket Dec 2014 #5

I despise Uber alarimer Dec 2014 #6

What are your feelings on AirBnB? philosslayer Dec 2014 #12

More like 2naSalit Dec 2014 #7

This is only controversial if you believe prices should be based on altruism and not demand. Ykcutnek Dec 2014 #10

Taxis, that are regulated, can't price gouge... joeybee12 Dec 2014 #13

Uber's CEO could not be reached for comment. KamaAina Dec 2014 #11