Now Uber is profitable what stops a taxi from just competing again, forcing Uber to have to be unprofitable again?
Skill issue. Taxi companies aren't able to innovate and adapt and improve, despite the competition from Uber, preferring instead to use lobbying and regulations too survive in a post-Uber world.
alt Hacker News
Skill issue. Taxi companies aren't able to innovate and adapt and improve, despite the competition from Uber, preferring instead to use lobbying and regulations too survive in a post-Uber world.