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Submission + - Uber Is Now Cheaper Than A New York City Taxi (businessinsider.com)

redletterdave writes: Uber announced in a blog post on Monday it would cut the prices of its UberX service in New York City by 20% — but it’s only for a limited time. Uber says this makes it cheaper to use UberX than taking a taxi. Consumers like Uber’s aggressive pricing strategy but competitors — and some of its own drivers — are not as happy.
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Uber Is Now Cheaper Than A New York City Taxi

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"This is lemma 1.1. We start a new chapter so the numbers all go back to one." -- Prof. Seager, C&O 351

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