> This could quite feasibly lead to the development of a local competitor Wouldn't this regulation apply to competitors as well? If Uber has deemed that it's n

> This could quite feasibly lead to the development of a local competitor Wouldn't this regulation apply to competitors as well? If Uber has deemed that it's not feasible to be competitive with taxis/etc with the new regulations, how would a direct competitor be able to compete in the exact same regulatory environment?