> Uber: Losing crazy amounts of VC cash to [often illegally] compete against traditional companies that must be cashflow positive. It's not a level playing field. Laws exist so that drivers could make a livable wage; Uber is devaluing the medallions they've invested in.
It never was a level playing field, not as long as Uber has been around in any case. Taxis are propped up artificially by city laws and airport regulations and that has resulted in low competition and poor service. I don't see why Uber or its customers should have to respect the unfair city+industry collusion.
It never was a level playing field, not as long as Uber has been around in any case. Taxis are propped up artificially by city laws and airport regulations and that has resulted in low competition and poor service. I don't see why Uber or its customers should have to respect the unfair city+industry collusion.