Uber And Lyft Don’t Have A Right To Exist

“The Uber and Lyft pretzel logic is as follows: Drivers are their customers and also independent contractors but cannot negotiate prices or any terms of their contract. Uber and Lyft are platforms, not transportation companies. Drivers unionizing would be price-fixing, but Uber and Lyft can price-fix all they want. Riders pay the driver for their transportation, not the platforms, even though the platforms are the ones that set the prices and collect the money and allocate it however they want, often such that the driver does not in fact receive much of the rider’s fare.”

Today, the question before the FTC and the DOJ is simple: is the United States a price-fixed or a free market economy?

#antitrust #pricefixing #marketplaces #FTCAct #ShermanAct #gigeconomy #ridehailing

Author: Litesand

Antitrust, real estate, e-commerce, fintech, proptech, bigtech

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