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There's a certain sense of schadenfreude and cosmic justice knowing that Yellow Cab probably could have saved itself by pivoting their business model years ago
by danepowell 11y ago
There's a certain sense of schadenfreude and cosmic justice knowing that Yellow Cab probably could have saved itself by pivoting their business model years ago like DeSoto did. Instead they tried to fight change with legislation, and this is their reward.
Having said that, I do worry about this contributing to Uber's growing monopoly...
- webXL 11y agoHow is it a monopoly? There's Lyft and if anything, we see how easy it was for technology to inflict serious harm to these publicly protected cartels. Incumbants will have to innovate or perish.
- danepowell 11y agoEh... I suppose Lyft is technically a competitor, but at an order of magnitude less marketshare, it might as well be non-existent. http://www.fool.com/investing/general/2015/05/24/lyft-vs-uber-just-how-dominant-is-uber-ridesharing.aspx http://www.fool.com/investing/general/2015/05/24/lyft-vs-ube...