Quote:
Originally Posted by Wormius
I believe, based on the results of London and NY, that even if our taxi system was the best in the world, Uber would still come in and try to disrupt things by undercutting the taxi system until it went bust. Then you are left with an Uber monopoly, until somebody else makes an app that does the same thing for less.
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If they reach monopoly status, they would presumably begin to charge higher fares.Won't that open the door for someone else to enter? Or what's to stop a copy-cat company entering and taking a lower percentage from the driver?