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IndyRap

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Fast food restaurant Wendy’s plans Uber-like surge pricing, with digital menu boards that change prices depending on demand (edition.cnn.com)

Fast food restaurant Wendy’s plans Uber-like surge pricing, with digital menu boards that change prices depending on demand::The price of a Wendy’s Frosty could soon fluctuate throughout the day as the chain looks to introduce Uber-like surge pricing on its menu.

IndyRap ,

God damn this is ridiculous. People need to read the transcripts it’s not surge pricing.

IndyRap ,

Well dynamic pricing and surge pricing in practice are the opposite. Both raise prices.

Surge pricing raises it on peak times while dynamic does it throughout the day and usually during off-peak times to subsidize on peak times.

Surge pricing is vastly different than dynamic pricing. Surge pricing has not chance of working in retail when competition exists.

Dynamic pricing is done in retail already and no one bats an eye at it.

Tesla does dynamic pricing. Fuel stations do dynamic pricing.

Energy companies do surge pricing. Uber does surge pricing.

When there’s a monopoly on a market you wouldn’t do dynamic pricing.

But also it’s why heavy regulation is done.

Uber broke this model because they get to operate as a monopoly while gouging their customers.

I’m not defending Wendy’s but as someone in pricing this is a vastly different thing and is 100 times worse than dynamic pricing.

IndyRap , (edited )

External appearance is not the same for both. Elasticity of demand during seasonal time of day and weekday seasonality proves it

People don’t like surge pricing with Uber but they have no choice there’s really no competition. Lyft is the only one so they both do it.

Dynamic pricing is done because of lack of pricing power and monopoly. Most restaurants are franchises. You can’t get franchisees to exhibit monopoly power because they compete amongst themselves in the same brand and vs others. Aside from the fact that it’s illegal.

I’m not saying it’s good just totally not the same.

Dynamic pricing is sneaky and hard to pay attention to. Surge pricing isn’t.

Dynamic pricing allows competition at certain times but screws over people that don’t buy into loyalty cards rewards points or just doesn’t go to the store when everyone else does.

I’m literally the customer that gets punished.

Companies don’t care about customers unless elasticity is proven. They will test elasticity until net margin is maxed out at optimal volume. It’s why Netflix doesn’t give a shit about raising prices. When done in chunks and averaged over time people continue to pay.

Whereas when it’s done in large quantities it has bigger effect on prompt demand.

Fuel stations will raise prices at odd peak times when people that don’t “shop” for fuel get fuel. Then they ramp it down just before peak times.

If customers have loyalty or rewards they typically will be free of these issues because of timed promotions but mostly these prices are inelastic at those times. Which proves that those people don’t care.

These things are like anything else. The loudest people make noise. consumers don’t stop their habits easily unless they feel they don’t have a choice. Hence why surge pricing wouldn’t work in retail.

I’ve worked in retail operations, pricing, and manage/execute machine learning for these projects. You can try to explain it to me and why you think it’s the same but respectfully you’re just patently wrong.

If people actually knew the difference they could look for it but they won’t if everyone just says it’s all the same and mislabels it. People should be looking out for dynamic pricing. Surge pricing doesn’t exist in retail and won’t in the US market.

IndyRap ,

Man I love me a good fiction book lol

IndyRap ,

Fuuuuck that. Keep it. I love this pixel fold. Of buy a different manufacturer if others copied the pixel form factor.

IndyRap ,

My pixel fold has been great ha

IndyRap ,

It’s why I think metrics on these arent going to ever be accurate. No I’m not using tablet mode all the time. That’s not why I bought it. It’s to have a tablet when I need it. People tend to judge it as if it’s not good if I’m not using both screens 100% of the time.

IndyRap ,

Reddit doesn’t exist without him period full stop. His didn’t get traction and theirs didn’t work.

Not the same thing.

IndyRap ,

Pornhub owns most of those alternatives.

Xbox is banning users for automatically uploading steamy sex scenes from Baldur's Gate 3 (www.businessinsider.com)

Xbox is banning users for automatically uploading steamy sex scenes from Baldur’s Gate 3::Baldur’s Gate 3 allows characters to remove their clothes and romance other characters. It’s getting users in trouble with Xbox Live.

IndyRap ,

That burned them in the Kinect days. Phil had a big hand in correcting that so I would hope he has enough sense not to let it happen again.

People who order "a decaff coffee with an extra shot" - why?

All our coffee is served with two shots by default. We’re not some fancy coffee shop, just a motorway service station that makes coffee to go. We have some regulars who order a decaff with an extra shot. I explain thats going to have three shots total, and they’re happy with it....

IndyRap ,

Coffee/beer/alcohol are disgusting and consumed for other purposes than taste.

Fight me.

IndyRap ,

Lol idk drdickhandler you tell me.

IndyRap ,

Fair enough I figured opinion wouldn’t be popular

IndyRap ,

Schoolyard playground. 3pm. Come alone so I can say I won even if I didn’t.

IndyRap ,

It’s literally his username haha.

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