Is cab/ride hailing commission high? Any alternatives?
In this article, we will compare ride-hailing with another popular marketplace used by most of us, i.e. stock exchanges. Most of us have hailed a taxi on our smartphone and done equity trading on an exchange through a stock broker. How do these 2 marketplaces compare? Ride hailing market places are companies like OLA, Uber, Lyft, and Grab. Equity stock exchanges are companies like NSE, NYSE and Nasdaq. What is a market place? A market place is a medium where two parties exchange goods and services. In ride hailing the buyers are passengers who need a car ride and sellers are cab drivers. In ride-hailing market places the technology platform like an OLA decides the price of the service on behalf of the two parties. The inputs for the price are real-time demand, distance, and traffic intensity. There various types of stock exchanges are order driven, quote driven or a combination(hybrid). In order driven any sale or trade will happen only if the buy order matches (price, quantity, ...