> To me the taxis were like an entrenched monopoly. Then competition tried to disrupt the system, but after lawsuits and regulation pushing up costs/prices on r

> To me the taxis were like an entrenched monopoly. Then competition tried to disrupt the system, but after lawsuits and regulation pushing up costs/prices on ride sharing, taxis will come back to fill the void. Full circle it seems. I can't help but feel this is exactly what the taxi industry wants. I think it's proof that taxis weren't "an entrenched monopoly," or at least weren't as bad as the Uber's propaganda made them out to be. If Uber's big innovation was just "pay workers less," and their competitive advantage evaporates once regulation catches up to them, it's just proof of how misleading SV smoke-and-mirrors can be. I can tell you that I'm about as excited about the next "innovative" consumer-oriented startup as I am the next Google chat app.