Author Topic: WSJ: Citi Bike's Rates Could Roll Upward  (Read 294 times)

0 Members and 1 Guest are viewing this topic.

Offline Oceander

  • Technical
  • Hero Member
  • ****
  • Posts: 50,023
  • TBR Illuminati
WSJ: Citi Bike's Rates Could Roll Upward
« on: March 22, 2014, 10:56:11 PM »

Offline Oceander

  • Technical
  • Hero Member
  • ****
  • Posts: 50,023
  • TBR Illuminati
Re: WSJ: Citi Bike's Rates Could Roll Upward
« Reply #1 on: March 22, 2014, 10:58:41 PM »
Quote
"It's going to struggle, because ironically the more popular that it is, the more money it costs us and the more money it loses."

That's not irony, you liberal twit, that's fundamental economic reality.  When you're charging people $95 a year for on-demand access to something like this, what else would you expect?  A rational person, after all, familiar with the shortages caused by price controls - too much demand and not enough supply - could have easily told you this was going to happen before you even put a single one of those dorky looking bikes on the ground.


Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo
Smf