> No. They've killed taxis, and they're way more convenient. In your area. > Now their pricing will rise to match the actual business and the era of under-cos

> No. They've killed taxis, and they're way more convenient. In your area. > Now their pricing will rise to match the actual business and the era of under-cost ride hailing will end. Fortunately the barrier to entry is extremely low. Now practically all taxi companies I know use apps (with varying level of user friendliness, with at least one superior to the one by Uber). So I think Softbank and the Saudis will be screwed again in the end. I kind of pity them because even if everybody is telling them the same they don't have any choice, they can't just take their money out and admit defeat now that Uber is a household name.