> The entire promise of Uber and Lyft was profitability through scale. > But now, they all want to scale down to be profitable. I am a bit confused by these t

> The entire promise of Uber and Lyft was profitability through scale. > But now, they all want to scale down to be profitable. I am a bit confused by these two statements. In the first, it sounds like you are using "scale" to describe the customer reach and sales volume of the company. In the second, it sounds like you are using "scale" to describe the number of employees. I agree that Lyft and Uber should not be valued like Google or Meta. Wall Street agrees, as you have surely noticed. But both are much more valuable than a traditional cab company. It is the "automated dispatch agent" you mention which makes them that way and which also requires innovative use of silicon and development of software. As an aside, were there ever nationwide, publicly traded cab companies in the United States of America? I cannot think of any.