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I don't believe you're accurate. "Uber's revenues in San Francisco, meanwhile, are running at $500 million per year. That's more than three times the size of

I don't believe you're accurate. "Uber's revenues in San Francisco, meanwhile, are running at $500 million per year. That's more than three times the size of the taxi market. And Uber's revenues in San Francisco are still growing at about 200% per year." Read more: http://www.businessinsider.com/uber-revenue-san-francisco-2015-1#ixzz3hYHfk14u http://www.businessinsider.com/uber-revenue-san-francisco-20...

dylanjermiah 11y ago
They're so doing 2bn overall and with their 20%+ish cut it becomes 450m.
lifeisstillgood 11y ago
Sorry? How can a taxi service (uber) be running at three times the size of the taxi market? Is this dodgy accounting, grey market taxi services previously (understating size of market) or has uber genuinely expanded the market by reducing friction?
- morgante 11y ago
  > uber genuinely expanded the market by reducing friction? Absolutely, particularly in places like SF (where getting a cab was a giant hassle and very unreliable). By making on-demand transportation viable in way more places, Uber has definitely expanded the market. There are tons of times and places where I never would have tried to get a cab but happily order an Uber.
  - amorphid 11y ago
    I started using Sidecar, and more recently Uber, because I couldn't get a cab ride. There were plenty of times I tried calling for a cab in SF's SOMA district, only to be disappointed when either no one answered the phone and/or no one showed up. If you happen to live in an area where one can realistically have a chance of hailing a cab, and you call for a cab, it's probably more like ordering a pizza. Place the call, and it'll show up eventually.
- jsolson 11y ago
  > uber genuinely expanded the market by reducing friction? Based on personal experience, I would have no trouble believing this (particularly for SF, Seattle, or other cities which lack a dense taxi presence). Prior to Uber's arrival in Seattle I walked most places or took a bus. I had never personally used a cab in my life until I went on a corporate trip at age 29, had no rental car, and there was nothing more convenient between the airport and my hotel. I think since then I've used traditional cabs ~four more times, two of which were in NYC. On the other hand, I take Uber 2-3 times a week because it dramatically cuts down on time spent in transit and is essentially zero hassle. It's an anecdote, but I expect I am not alone in dramatically upping my use of this sort of service due to Uber.

dylanjermiah 11y ago

They're so doing 2bn overall and with their 20%+ish cut it becomes 450m.

lifeisstillgood 11y ago

Sorry? How can a taxi service (uber) be running at three times the size of the taxi market? Is this dodgy accounting, grey market taxi services previously (understating size of market) or has uber genuinely expanded the market by reducing friction?

morgante 11y ago
> uber genuinely expanded the market by reducing friction? Absolutely, particularly in places like SF (where getting a cab was a giant hassle and very unreliable). By making on-demand transportation viable in way more places, Uber has definitely expanded the market. There are tons of times and places where I never would have tried to get a cab but happily order an Uber.
- amorphid 11y ago
  I started using Sidecar, and more recently Uber, because I couldn't get a cab ride. There were plenty of times I tried calling for a cab in SF's SOMA district, only to be disappointed when either no one answered the phone and/or no one showed up. If you happen to live in an area where one can realistically have a chance of hailing a cab, and you call for a cab, it's probably more like ordering a pizza. Place the call, and it'll show up eventually.
jsolson 11y ago
> uber genuinely expanded the market by reducing friction? Based on personal experience, I would have no trouble believing this (particularly for SF, Seattle, or other cities which lack a dense taxi presence). Prior to Uber's arrival in Seattle I walked most places or took a bus. I had never personally used a cab in my life until I went on a corporate trip at age 29, had no rental car, and there was nothing more convenient between the airport and my hotel. I think since then I've used traditional cabs ~four more times, two of which were in NYC. On the other hand, I take Uber 2-3 times a week because it dramatically cuts down on time spent in transit and is essentially zero hassle. It's an anecdote, but I expect I am not alone in dramatically upping my use of this sort of service due to Uber.