3 ms·
Uber has received in the general vicinity of $1.5 billion in capital. They are several orders of magnitude bigger than any taxi fleet I've ever heard of. The
by aetherson 12y ago
Uber has received in the general vicinity of $1.5 billion in capital. They are several orders of magnitude bigger than any taxi fleet I've ever heard of.
The entire taxi industry in the US has revenues of about $11 billion (source: http://skift.com/2013/08/06/are-uber-hailo-and-other-taxi-apps-going-after-a-big-enough-market/ http://skift.com/2013/08/06/are-uber-hailo-and-other-taxi-ap...), and that's split across literally at least thousands and maybe tens of thousands of companies.
In SF, Uber claims to do more rides itself than all the taxi fleets put together.
It long ago ceased to be the underdog in this fight.