Uber is definitely such an example - a lot of taxi companies disappeared because they couldn't compete with the scale of Uber with its subsidised prices.
Now Uber have significantly increased their prices there are a lot fewer alternatives to turn to.
> Now Uber have significantly increased their prices there are a lot fewer alternatives to turn to
Can you give an example of a city where Uber has a meaningful monopoly? Hell, I’ll even give you Uber and Lyft. Where the alternative modes of transport—be it private cars, public transport or taxis—are non-existent to someone who would have otherwise made use of them?
It's not that the alternatives are non-existent, it's that their cost (in dollars or some other parameter) have gone up a lot. For example, if you don't use Uber or Lyft in San Francisco, it takes a LOT longer to hail a taxi on the road than it used to.
Uber is definitely such an example - a lot of taxi companies disappeared because they couldn't compete with the scale of Uber with its subsidised prices.
Now Uber have significantly increased their prices there are a lot fewer alternatives to turn to.