Uber Cuts Prices In NYC, Claims It’s Now Cheaper Than Taxis
With great funding comes great pricing power. in an effort to undercut the city’s yellow cabs, Uber said in a blog post on Monday, “We just dropped uberX fares by 20%, making it cheaper than a New York City taxi.” Each time, Uber notes that the price cut is only in effect for a limited time, but suggests that prices may remain low if more riders sign up.
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