Re:The Uber Bubble
by throw-nocoiner on Monday April 18, 2022 @08:33AM
(#31069800)
That's surely nice, but ultimately inconsequential
What matters in the end is whether Uber can sell the service for more than it costs to provide it. Traditional taxi could do it, Uber cannot
All of that — you guessed it, because of medallion-like system. There's a limited amount of taxis for 25 million city, they cannot meet demand, so they don't have to compete for orders and therefore don't care about their rating (and therefore customer service) in the slightest.
I've seen other regional taxi markets disrupted by Uber and similar local apps — and it always made taxi experience so much better and smoother.