Uber and Lyft Need to Expand Their Paths in the Suburbs, NYU's Sundararajan Says

The transcript discusses the viability and profitability of ride-sharing companies like Uber and Lyft, focusing on their business models in urban areas and potential expansion into suburban markets. It highlights the role of autonomous vehicles in future growth and the challenges of maintaining pricing power in a competitive market. The discussion also covers strategies to overcome pricing issues and the importance of offering a high-quality product.

What is the main challenge for ride-sharing companies in expanding their market beyond cities?

• Attracting suburban customers

• Reducing the cost of rides

• Improving app technology

• Increasing the number of drivers

What is the potential impact of autonomous vehicles on the ride-sharing market?

• Reduction in vehicle maintenance costs

• Increase in driver employment

• Expansion into new markets

• Decrease in ride-sharing demand

How do ride-sharing companies plan to address the issue of low pricing expectations?

• By reducing service quality

• By increasing the number of drivers

• By going public and focusing on margins

• By offering more discounts

What was the initial advantage of ride-sharing services over traditional taxis?

• Lower cost

• Higher quality

• More drivers

• Faster rides

What is a key factor for ride-sharing companies to maintain long-term pricing power?

• Providing a superior product

• Expanding driver network

• Increasing advertising

• Offering the lowest prices