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

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.