Then the vultures skimmed off a lot of the "easy money" bar traffic (7pm-2am). There are now only a fraction of the cabs on the road in the middle of the night as there used to be; I'm certain that "ride share cars" have not replaced all the cabs that used to be available at 3am.
Towards the end of my taxi driving career, there was a fellow trying to go home from work at 10pm, from his restaurant at the edge of the map. He'd mostly switched to using the vultures' phone app, but there wasn't a "ride share" available. So he called Phoenix's legendarily-reliable taxi cab company, and I got him home. It was a few dollars more than getting a "ride", but at least he didn't have to walk.
* I liked working nights until the "vultures" allowed other people to work nights which increased supply and lowered prices.
* One time, I picked up a guy who had trouble getting home because there wasn't always a vulture nearby. It cost him more money.
* 7pm-2am on weekends are high volume times
edit: I think the point was that because ridesharing typically knocks off at 2am or 3am there is a hole between 3am and 5am or something. However, taxi rates are pretty murderous at this hour at least when I've paid them. Regardless, between a taxi, lyft and uber someone needing a ride will be better off at all times of day.
There are fundamental problems involved in transporting people from place to place that are not solved by the new entrants to the industry. The only innovation offered by "ridesharing" is having a more flexible workforce. While this helps with periods of high demand (drinking holidays, etc), the ridesharing model is not sustainable.
I mean to reconstruct my kuro5hin blog [1], but haven't gotten to that project yet.
But I don't think this is what was mentioned in the article.