[viraptor]

I believe "see value" in this case means - they can start making profit by stopping growth. But since there's more expansion possible, they'd rather invest that money into themselves as "we can start making money now, but we'd rather make more money later".

I'm not saying it's healthy approach in all cases, but the cold calculation is not irrational.

Re. "replaced a sustainable industry (taxis)" - you mean things like taxi medallions? like unaccountable drivers who can ignore you? drivers who will charge you a made up amount? There were lots of issues with taxis - let's not forgot about those.