Consumers do not care about market externalities. Consumers do not care about the "cost based reasons". Yellow taxis were given a monopoly in NYC, the trade off was to accept all rides within the City.
I lived in Brooklyn Heights and DUMBO for years, and quite routinely filed TLC complaints about drivers who refused to take a trip from even Lower Manhattan to DUMBO.
I live in Manhattan now, and after a series of extremely bad Yellow Taxi rides, have given up and switched to using Lyft.
Uber/Lyft/et al are clearly using investors' funds to subsidize their businesses. And it's completely irrelevant to me as a consumer. I need to get from one point to another in a safe, economical manner, and NYC's Yellow Taxi fleet is failing at that.
I lived in Brooklyn Heights and DUMBO for years, and quite routinely filed TLC complaints about drivers who refused to take a trip from even Lower Manhattan to DUMBO.
I live in Manhattan now, and after a series of extremely bad Yellow Taxi rides, have given up and switched to using Lyft.
Uber/Lyft/et al are clearly using investors' funds to subsidize their businesses. And it's completely irrelevant to me as a consumer. I need to get from one point to another in a safe, economical manner, and NYC's Yellow Taxi fleet is failing at that.