While I do have problems with Uber's valuation for other reasons, this isn't it. Uber tends to massively increase the market for taxis. Loads of people I know w

While I do have problems with Uber's valuation for other reasons, this isn't it. Uber tends to massively increase the market for taxis. Loads of people I know who would never take 'normal' taxis now use Uber. Even teenagers use Uber regularly, they would never hail a black/yellow cab on the street (in my eyes).