>> Peter Thiel would like to have a word with you. We're supposed to be building monopolies that no natural market force can topple. For Netflix, sure. People

>> Peter Thiel would like to have a word with you. We're supposed to be building monopolies that no natural market force can topple. For Netflix, sure. People spend a considerable amount of money on Uber/Lyft etc at least in NYC where I live, thus many would respond to a competitor with a 20% to 30% discount or more. This is possible in NYC because the rates are so much higher than other cities. But there are a lot of people who need taxi like services that are price sensitive. Think of elderly who aren't able to drive or use mass transit so well and are on a fixed income.