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Their success is largely due to the fact that American cities are built so poorly. Emphasizing suburban sprawl and associated highway, parking, and street infra
by xyst 3y ago
Their success is largely due to the fact that American cities are built so poorly. Emphasizing suburban sprawl and associated highway, parking, and street infrastructure over safe and walkable/bikable cities.
Also investor subsidies due to low interest loans or cheap money from banks. Although that is quickly going away.
If it weren’t for these two items, Lyft/Uber would just be another mediocre taxi service.
- rightbyte 3y agoTheir success is due to the taxi medallion system.