Re:Uber Sets Valuation Record of $17B in New Funding
by untog on Friday June 06, 2014 @01:58PM
(#7859394)
Up until the beginning of the year, 90% of the time you'll be hailing a gypsy cab. [...] I will say a lot has changed with the introduction of the Boro cabs (green cabs).
Agreed - and that was sort of my point about Uber taking advantage of regulation, though I didn't phrase it well. The artificial scarcity of taxi medallions meant that demand outstripped supply outside of Manhattan. Now they're finally, slowly, fixing that.
Agreed - and that was sort of my point about Uber taking advantage of regulation, though I didn't phrase it well. The artificial scarcity of taxi medallions meant that demand outstripped supply outside of Manhattan. Now they're finally, slowly, fixing that.