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Dec 272013

Times Square .craig via Compfight

Uber is trying to disrupt the taxi/ride for hire market

seamlessly connecting riders to drivers through our apps, we make cities more accessible, opening up more possibilities for riders and more business for drivers.

One of their innovations is “surge” pricing.  When there is more supply than demand, prices go up. and during the recent snow storms, prices went up A LOT.  or as Sam Biddle on Valleywag put it, this was “the weekend Uber Tried to Rip Everyone Off”

For several hours on Saturday, Uber was maybe the most hated company in America. Some of the year’s most atrocious weather dumped across the Northeast, and the transit company of the future hit customers with the worst price gouging we’ve ever seen—it would cost over a hundred bucks just to drive down the block. Get used to it.

Uber CEO Travis Kalanick defended the practice, claiming that it brings more cars onto the street (questionable) and that everyone wins.  But it also seems to plant some seeds of ill will.

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