taxis could never compete with Uber and Lyft because they as actually own the cabs. Uber and Lyft can respond to surges. Taxis can't. they'd lose money owning e

taxis could never compete with Uber and Lyft because they as actually own the cabs. Uber and Lyft can respond to surges. Taxis can't. they'd lose money owning enough vehicles to support surge times and have them idle during non surge. The couldn't have tried to be Uber either because the law didn't allow non medallion drivers