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by returnInfinity 1 hour ago
yeah I was a uber bear too, some how it has turned around

I was betting on the taxi drivers revolting, but the capital markets have prevailed

2 comments

In what country would taxi drivers revolt?

I think in most countries the drivers get paid by the taxi license holders and usually can make more money and/or more have more flexible working conditions driving for Uber.

See eg https://www.statista.com/chart/6971/fare-deal-taxi-drivers-e...

>I was betting on the taxi drivers revolting, but the capital markets have prevailed

Capital Markets found in favor of giant corporation Uber instead of giant corporation Cabcharge.