> But my bet is that the future for ride hailing is one of hundreds of different competing local services around the world that focus on their locality, work di

> But my bet is that the future for ride hailing is one of hundreds of different competing local services around the world that focus on their locality, work directly with local officials and regulators, and provide good customer service while keeping overhead extremely low and operating profitably. I would argue that this is Uber's bet also. I like to joke that Uber is sort of a ridesharing index fund, since they own large minority positions in nearly every competitor / market leader in localities in which they "lost" (Didi, Grab, Yandex).