The taxicab industry is a saturated market that is heavily regulated. Uber's only USP was that it could bypass regulation (and in some cases, tax). Uber should

The taxicab industry is a saturated market that is heavily regulated. Uber's only USP was that it could bypass regulation (and in some cases, tax). Uber should serve as a warning imo - speculation drove the valuation so high on what is a very fragile business model. Are we seeing a tech bubble?