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> I have wondered if a pure market making app would work... let drivers and riders place bids... a driver can lower their bid to get hired faster and a rider can increase their bid to get picked up faster. The app would just take a fixed cut.

There’s a service in Ukraine called Uklon[0] that does pretty much exactly that. If you bid very low, it’d both take longer to find a ride, and the car/driver would usually not be great. Think a 25+ year old daewoo with no ac that smells like smoke on the lowest end vs. newish Camrys or other regular fleet cars on the mid-higher side.

[0] https://uklon.com.ua



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