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Regulatory capture most likely. As shitty as cabs were, they also had regulations to follow (in theory). Sooo they'll do something similar. Lock up the market
by Eji1700 4y ago
Regulatory capture most likely.
As shitty as cabs were, they also had regulations to follow (in theory). Sooo they'll do something similar. Lock up the market, do all the suuuper unethical political junk they're known form, and make it impossible for anyone to compete with them.
THEN they'll jack up the prices.
- thriftwy 4y agoThat's not very bright proposition. Suppose they have captured the market regulatorily and jacked up prices. Sure they have defended from new start-ups. What would prevent a big player such as Amazon or Meta from entering their market? They can surely afford to allocate tens of billions to do so. They can also hire an expensive team of lawyers and execs to enter this regulated market.