I didn't see anything about how UberX/Lyft been able to create new demand via much lower fares when compared to taxi cabs. I very very rarely ever took a cab a

I didn't see anything about how UberX/Lyft been able to create new demand via much lower fares when compared to taxi cabs. I very very rarely ever took a cab and preferred to walk, bus, or drive because of the cost. Now with UberX and Lyft, I often just call one because the cost is 35 - 50% less than what a cab costs and the experience is so much nicer with app payment and pleasant drivers (feedback loop).