While it is weird, the long term effects of this attitude depends entirely on the market. Until there are competitors out there, Uber will keep using this tactic.
But, once they get some sort of monopoly everyone is going to be worse off. Something which is happening right now with Grab's acquisition of Uber.
Isn't Lyft a competitor in almost every market? Personally, I always check both Lyft and Uber to see which is cheapest (and wait for a little while, to see if they price fluctuates)
But, once they get some sort of monopoly everyone is going to be worse off. Something which is happening right now with Grab's acquisition of Uber.