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Joined 2 years ago
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Cake day: July 1st, 2023

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  • The apps weren’t profitable. They sold rides for less than it cost them, which killed the industry. That’s what all disruptive companies do, sell for an unprofitable price and have investor money make up the difference.

    Taxi companies could not compete. How could they? It didn’t matter if they were good or bad. There was no chance to compete because they all went out of business.

    Again, the apps didn’t win because they were better, it’s because they didn’t allow competition. In a sane world they would have had to have made a profit, and the taxi companies would have made their own app, and things would be pretty much equal across the board. But that never happened.