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by macspoofing
3585 days ago
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I don't think ride-sharing companies and taxi companies are in the same market (kinda like cars and horse-drawn carriages aren't in the same market, even though the former killed the latter). Uber's losses don't stem from them trying to kill taxis, but rather from rapid expansion and intense competition from other ride-sharing services. |
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The whole car sharing is marketing bull, so that they can justify dodging regulation and dumping prices.