> Uber/Lyft did outcompete taxis on merit, and to suggest otherwise is revisionist history! That is a very generous version of what actually happened. Uber/Lyf

> Uber/Lyft did outcompete taxis on merit, and to suggest otherwise is revisionist history! That is a very generous version of what actually happened. Uber/Lyft were not replacing taxis outside a few big cities with established taxis operations, they were replacing consumer behavior entirely. It was near impossible for them to charge market rates and get a user base that had no need for taxis. If they weren’t heavily subsidizing the rides, they would have never been successful. They most definitely were charging next to nothing when they were in “growth phase”. At the height of it, it was almost as cheap as public transportation and not market rate.