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Taxi rides is a 9 figures industry. Customers are willing to pay and they need an app to book their taxi. There is no question about that. That leaves 8 figure
by user5994461 8y ago
Taxi rides is a 9 figures industry. Customers are willing to pay and they need an app to book their taxi. There is no question about that.
That leaves 8 figures (over $10B) to be distributed between taxi apps (at least 10% fees). It's a simple business that is very profitable.
There will undeniably be multiple competitors and they will vary per region, but that doesn't affect the viability of the market.