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Here's a restatement of what I'm trying to say, the details seem to distract. Grocery stores, restaurants, and taxis (especially without medallions) are famous
by joshe 8y ago
Here's a restatement of what I'm trying to say, the details seem to distract.
Grocery stores, restaurants, and taxis (especially without medallions) are famously low margin, highly competitive business. [1]
Single passenger ride hailing looks a lot like a low margin business.
[1] https://www.forbes.com/sites/lensherman/2017/12/14/why-cant-uber-make-money/#3abcbd6110ec https://www.forbes.com/sites/lensherman/2017/12/14/why-cant-...