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The question then becomes: Is a global taxi dispatcher worth 70 billion dollars? Maybe. Probably not.

• robotjosh 10y ago
  Investors might think they will branch out into deliveries and other stuff like amazon did from books.
• dajohnson89 10y ago
  My hunch is yes. I decided to do some quick math. -NYC has ~13,605 licensed taxicabs. -The average annual net income for a NYC taxi (in 2015, probably a bit lower now) was $58,555. -$58,555 * 13,605 = $796,640,775 This figure is for taxis only, in one (big) city. It leads me to think that $70 billion is not an absurd number, globally. edit: sources: https://www.yellowcabnyctaxi.com/blog/new-york-city-taxi-revenue-declines-accelerate-in-last-four-months https://www.yellowcabnyctaxi.com/blog/new-york-city-taxi-rev... https://en.wikipedia.org/wiki/Taxicabs_of_New_York_City https://en.wikipedia.org/wiki/Taxicabs_of_New_York_City
  • hx87 10y ago
    I doubt even a monopoly dispatcher will get all $800 million of the revenue though.
  • rplst8 10y ago
    Let's not forget, that revenue doesn't equal the value of a company either. Google's market cap is like $500B and their revenue is in the $70B range.