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Prices likely won't go up when taxis are gone. Uber doesn't consider taxis to be a competitor. Uber is trying to compete with car ownership. Liquidity begets li
by zoomzippity 9y ago
Prices likely won't go up when taxis are gone. Uber doesn't consider taxis to be a competitor. Uber is trying to compete with car ownership. Liquidity begets liquidity. This is why marketplaces like stock exchanges and Amazon are natural monopolies.
- linkregister 9y agoThe best thing is, if any of these ride sharing services raise prices too high, taxis will return. In comparison, they are cheap to start and operate.
- andygates 9y agoSo if prices don't go up, and prices are only held artificially low by burning VC money, what happens to the company? I'm not seeing an end-game that isn't "VCs pull out" or "prices go up".