It’s New Years’ Eve. You’ve had a blast and you’ve partied till the wee hours of the new year. But then the time comes to figure out how to get home. You’re probably going to order a taxi. Along with hundreds of others. For the first time on NYE in Colombo, you might be checking for taxi availability on the apps of the new sharing economy services – PickMe, Uber, and Hire1. But if you opened the Uber app during around 1am to 4.30am, you’d probably see a screen like this one below. Ouch. Prices are going to be higher than normal – ‘surge pricing’ is in force. (Customers in Miami saw prices surge up to 9.9 times on NYE!)

Sri Lanka is not alone in this. Uber has seen this spike in cities around the world. This graphic from Uber shows what the typical spike in demand looks like…
View original post 1,699 more words
Recent Comments