This is not any better. Burning investor money to undercut competition isn't a sustainable strategy - they'll eventually have to raise their prices, which I predict - given their history of integrity and high moral standards - will utterly fuck the taxi market up, to the levels unseen even in the old "taxi mafia" age.

Doesn't matter. If Uber doesn't work, Lyft will be happy to provide.

Really? Do any research whatsoever and you'll find that drivers are the ones footing the bill. Car purchasing and maintenance essentially equates to a sub minimum wage job.