The regulations on taxi drivers exist for a reason. Uber found a way to skirt some of those regulations for a time. Avoiding that regulation created a revenue s

The regulations on taxi drivers exist for a reason. Uber found a way to skirt some of those regulations for a time. Avoiding that regulation created a revenue stream that they used to operate and grow. It was always in danger of regulators catching up to them. If you read some of the driver's reports then it becomes hard to really buy their "big taxi" schtick. That being said, they obviously provided something that people want. Taxi companies will have to adjust to this. (In some places like SF they already are.) In the end, I think that Uber will go the way of Napster and the taxi companies will end up adopting their techniques the way that the big record companies did.