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No... Uber is not more efficient than a taxi service. They were at one point but now they aren't. Taxi businesses have similar apps, drivers who know the area,
by cannonedhamster 7y ago
No... Uber is not more efficient than a taxi service. They were at one point but now they aren't. Taxi businesses have similar apps, drivers who know the area, and regular hours. If it were more efficient, than they wouldn't have needed all that SV money, they still need SV money while cutting worker wages, commanding a ton of the market, and externalizing most of their costs. There is no way Uber exists without someone dumping money in to keep them artificially in business.
- jquery 7y agoThat’s wrong. Uber is more efficient than taxis at keeping each car highly utilized. Real-time utilization of a changing network is not an easy problem to solve. Taxis are empty a much greater percentage of the time than Ubers. I won’t address the rest except to say that’s more a factor of them expanding into other markets or maintaining category position than efficiency.