> 1. Uber is actually a higher cost/less efficient producer of urban car services than the taxi companies it has driven out of business
This doesn't seem to be true, given that in some countries you have taxi companies providing services through Uber, as well as their own ride hailing platforms.
> 2. Individual Uber drivers with limited capital cannot acquire, finance, maintain and insure vehicles more economically than Yellow Cab
I'm not sure this belief holds any truth as well. I mean, isn't the biggest cost associated with Yellow Cab the taxi medallion, which represents a +$80k additional charge over the vehicle?
> It's a one time charge and also can be resold if needed.
It's a hefty one-time charge that is not required to operate a Uber and thus can baloon the initial investment between 2x and 3x, and at best is capex that you have to tie down. Therefore, how is that an advantage?
This doesn't seem to be true, given that in some countries you have taxi companies providing services through Uber, as well as their own ride hailing platforms.
> 2. Individual Uber drivers with limited capital cannot acquire, finance, maintain and insure vehicles more economically than Yellow Cab
I'm not sure this belief holds any truth as well. I mean, isn't the biggest cost associated with Yellow Cab the taxi medallion, which represents a +$80k additional charge over the vehicle?