this post was submitted on 09 Aug 2023
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Lyft wants to kill surge pricing. (techcrunch.com)
submitted 2 years ago by L4s@lemmy.world to c/technology@lemmy.world
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Lyft wants to kill surge pricing.::The number of Lyft rides that were affected by surge pricing dropped 35% from the first quarter, according to CEO David Risher.

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[–] BombOmOm@lemmy.world 30 points 2 years ago (3 children)

As long as they can get enough drivers during peak hours it shouldn't be an issue. However, from what I underderstand, the entire point is to somewhat suppress rider demand and increase driver supply during peak hours so that anybody who actually needs a ride can get it, rather than a number of people sitting in tortuous long queues.

[–] Steve@communick.news 19 points 2 years ago (2 children)

I used to work at U-Haul. In a collage area. U-Haul refused to adjust prices for a couple critical weeks twice a year. So people would have to drive 90min+ to get a truck that was the wrong size.

It was great being yelled at by people all day.

[–] qfe0@lemmy.dbzer0.com 13 points 2 years ago (1 children)

Adjusting prices wouldn't have gotten you more trucks, would it? Ostensibly you'd still have just as many people that couldn't get a truck or had to travel. There was a spike in demand that wasn't being met.

[–] Steve@communick.news 18 points 2 years ago* (last edited 2 years ago)

But if people knew up front they weren't getting a truck, they could make other plans. Instead they only found out the day before their move, that they were screwed.

In the case of Lyft, what's better: Knowing you'll be able to get a ride for 2-3x the price? Or finding out while standing on the curb, your normal priced ride won't be there for an hour or two?