Because money is so cheap, that investors are literally burning cash up in search of growth.
Uber has never made any sense to me as a business (since 2016), and it's crazy how long it's lasted.
Uber has never made any sense to me as a business (since 2016), and it's crazy how long it's lasted.
It sucked having to rely on friends, family, and especially yellow cabs.
I’m not saying Uber is the best company or business model, but ride sharing makes total business sense to me.
That said, I realize I'm financially better off than many people and would prefer to have safe, affordable, and widespread public transit.
The only thing changed by uber is that the minicab operator is now an app, and pricing is less predictable
To push back on taxi apologia elsewhere -- Years later I lived in Philadelphia during the cab era and the city passed a law that the cabs needed to accept credit cards, but the cabs wouldn't unlock their doors unless you promised to pay cash. Even still, they'd often ask where you wanted to go and speed away if you said the wrong thing. Around the same time, in D.C., there was a "zone system" where cab fares were set around how many zones the cab traveled through, and so every rider got used to knowing the tricks cabs would play to go out of their ways to enter and exit unnecessary zones and surprise you with a high bill. They also had the right to pick up additional passengers whether you liked it or not. In NYC it was common knowledge that you just can't expect a cab to take you to the outer boroughs.