"Uber may just be a gigantic taxi company after all."

posted Jun 21, 2017 at 4:54 PM

Something to think about ahead of the arrival of ride hailing here next week: With the exit of Uber CEO Travis Kalanick, the Wall Street Journal's Chris Mims considers Uber's prospects as a business. "Aside from the cash, it's got a (tarnished) brand and an app that has been widely copied. Uber could once plausibly claim that the company with the most customers could support the most drivers, creating a virtuous circle where mass plus engineering might yield an unbeatable customer experience. Now, the preponderance of its competitors, ably luring away customers and drivers, suggests that the ride-sharing market will come to resemble something far less sexy--and less profitable. Uber may just be a gigantic taxi company after all." [WSJ]

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Regardless if Kalanick is no longer Uber’s CEO, he will probably remain a presence since he still retains control of a majority of Uber’s voting shares.

Luckily Lft is fantastic. I look forward to using them in and around town.

... said J on Jun 22, 2017 at 11:04 AM | link

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