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Re:New Uber Funding Round Could Value the Company at $25B by jboggan on Friday November 07, 2014 @09:23PM (#8575774)
Anecdotal support; Uber is keeping me from purchasing a car. I have an inexpensive motorcycle that handles 95% of my rapid transportation needs, and I try to live in areas where walking or mass transportation solve my "slow transportation" needs. I use Uber for all the edge cases where walking or motorcycling doesn't cut it, and I cannot see any scenario where I'd prefer to own a car and drive myself compared to the ease and reliability I have experienced with the service so far. Maybe Uber won't be the king of the hill when the dust settles, but so-called "ride sharing" services absolutely are taking dollars that would otherwise go into purchasing a vehicle, a much larger market.
Re:New Uber Funding Round Could Value the Company at $25B by jusben1369 on Friday November 07, 2014 @10:37PM (#8575909)
Important to note you haven't given up vehicle ownership though. You just haven't switched types of ownership. Uber needs to be more than your 5% edge cases if we're talking about disrupting ownership habits.