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In London, uber did not succeed. Uber drivers have to be licensed like minicab drivers.
by seanhunter 2y ago
In London, uber did not succeed. Uber drivers have to be licensed like minicab drivers.
- jhbadger 2y agoPerhaps. But a reasonable license requiring you to pass a test isn't the same as a medallion in the traditional American taxi system. Medallions (often costing tens or even hundreds of thousands of dollars) were a way of artificially reducing the number of taxis (and thus raising the price).
- itissid 2y agoThis. Medallion systems in NYC were gamed by a guy who let people literally bet on its as if it were an asset. The prices went to a million per until the bubble burst. True story
- sebzim4500 2y agoUber is widely used in London, so they succeeded. If they had waited decades for the regulatory landscape to even out they would have failed.
- seanhunter 2y agoThey succeeded commercially, but they didn't succeed in changing the regulatory landscape. I'm not sure what you mean by waiting for it to even out. They refused to comply, so they were banned, so they complied.