> There is no barrier to entry in ride sharing. Drivers can install multiple hailing apps.
Some ride sharing companies offer bonuses to drivers based on number of rides now. For example, 50 rides in a week $250 bonus at the end of that week. Using multiple apps interferes with a driver's ability to get the bonus. Many drivers use multiple apps anyways, maybe don't drive enough to get the bonus anyways, etc... but the dominant companies do have tools at their disposal to help mitigate the risk of newcomers quickly taking over a market.
Some ride sharing companies offer bonuses to drivers based on number of rides now. For example, 50 rides in a week $250 bonus at the end of that week. Using multiple apps interferes with a driver's ability to get the bonus. Many drivers use multiple apps anyways, maybe don't drive enough to get the bonus anyways, etc... but the dominant companies do have tools at their disposal to help mitigate the risk of newcomers quickly taking over a market.