[darkarmani]

> establish their long-sought-after monopoly, and raise prices.

How would they keep out competition if the barrier to entry is low?

[manicdee]

Because they can build a war chest and drop the fares below sustainable levels longer than any new entrant can bleed money.

It’s a game played to death in every other market.

[inflatableDodo]

Large predators can get swarmed by ants in some markets. After some thought on the point my uncle was trying to get across, I suspect the hire car market is one of them. Look at the bloat of Uber. If you don't try and own the whole thing but wrote an app that gave the functionality of uber to the existing cab and hire market, you could probably run it on a shoestring.

edit - basically I think whoever works out the craigslist version of Uber will eat Uber's lunch and it is quite likely someone will.

[manicdee]

I 100% agree with that sentiment. The only business that will survive is the one that reduces its operating costs to zero.