> market capture really work if they had to raise their prices so much as to make the service unworkable for most people?
Hate to say it, but in this case you’re not the market so you are irrelevant.
Here’s data from Chicago, USA, showing Uber and Lyft dominate the market now, so yes, it worked.
https://toddwschneider.com/dashboards/chicago-taxi-ridehaili...
That's great that they dominate a shrinking market, because few people can afford to pay $80 to go 15 miles.