If taken to their limit(including sharing of trips), the economics would work so well that we could be talking about something that could replace the personal car in many many cases.
Yes - mind blowing. Perhaps because I've taken thousands of taxi rides, that even a hundred Uber/Lyft rides later, I still can't comprehend how wonderful it is to just push a button and see a car pull up. I wasted so much of my life waiting for taxis, many of whom never showed up, many of whom showed up 30 minutes late, and sometimes were never available - that Uber/Lyft just continue to blow my mind. Easily the most exciting use of my iPhone.