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I totally believe that many people no longer are enamored of owning a car. I do not believe Uber/Lyft/etc. will be the cause of "peak car". For one thing, giv
by rossdavidh 7y ago
I totally believe that many people no longer are enamored of owning a car. I do not believe Uber/Lyft/etc. will be the cause of "peak car". For one thing, given their cash burn rate, I don't believe that Uber/Lyft/etc. will be around in 5 years, at least in their current form. They will either merge with a conventional cab company, fold entirely, or massively downsize.
- Alex3917 7y agoI think Uber / Lyft can mostly replace cars for people who don't have unusual hobbies. It's relatively easy to find a place to live where you can use public transportation to get to work, and it's relatively easy to use public transportation or car sharing / rental to visit friends and family or go away for the weekend. But if you live in NYC and your hobby is gold prospecting or something then that model breaks down really fast.