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by pal_9000
2238 days ago
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I would bet Uber has created wealth, a lot of it. Uber didn't just sway rides from Medallions, i would imagine it increased rides by manifold. Note: Not considering environmental impact. (E) I'm not saying it's a flawless model, but you can't discount how it led to more people taking ride shares in contrast to car ownership. I think this is obvious in urban areas. Genuinely curious about this cycle of opinion on Hacker news. It's trendy to shit on these companies until it's not. |
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rides are cheap because Uber is doing actual dumping of taxi industry by operating on a loss. Uber drivers are earning very little + spending money on car maintenance etc. so basically only one benefit is cheap rides but even this is damaging overall system and is not sustainable.
so again.. where is that wealth creation (apart uber itself maybe)?