Lyft and Uber suspending California rides at midnight

I wonder how thankful Lyft/Uber drivers are now that California lawmakers helped them to increase their earnings and benefits.

This is going to have knock on effects on other small businesses.<p>For example, now that it is out of warranty I get my car serviced at an independent garage and use Lyft when I drop it off and pick it up.<p>Public transport would turn the 30 minutes that takes into into 2.5 hours.<p>The alternative is to use the dealership, who charge more and I don’t want to support, but provide a courtesy car so I don’t waste much of a day on the process.<p>There must be thousands of routine interactions like this where people bake the availability of ride share into their decision making.

Another discussion on the same: <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=24224882" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=24224882</a>

Does anyone know if Uber&#x2F;Lyft is actually profitable in California currently due to Covid? That is to say, is there a minimum volume threshold, such that below which ride-share is not profitable?

This is a giant transfer of wealth, LA, SF, SJ will all see their housing prices tank, as people who can&#x27;t afford cars are expected to move to suburbs where they can park a car.

Since the old, crufty, established incumbents aren’t agile enough to meet the new requirements, seems like there’s a hole in the market for a disrupter.