> 2. VCs subsidized rides to destroy taxi companies by driving the customer cost to well below provider cost.
Not sure about other regions but in NYC this is 100% the case. Ubers used to be nicer cleaner newer cars, better drivers.. for less than a taxi. Now they are about 4x what they cost in the 2010s, with cars about as dirty as a taxi and equally surly drivers.
Not sure about other regions but in NYC this is 100% the case. Ubers used to be nicer cleaner newer cars, better drivers.. for less than a taxi. Now they are about 4x what they cost in the 2010s, with cars about as dirty as a taxi and equally surly drivers.