Why don't taxi companies just become like Uber?

Uber and ride share companies use a false economy because they have sold the public an illusion that will not sustain. They have temporarily made up a situation where by the company AND the driver subsidize the cheap price of the ride. read more

Taxi companies don't become like Uber for a good reason: Uber loses a gargantuan amount of money, somewhere in the region of almost nine million dollars a day, or a little over a hundred dollars a second. read more

Why don't they just quit. Gotta buy a car. It's an investment for a"maybe" payout. People with medallion. The medallion is worth a lot less now. They don't know if Uber will continue to stay in business. Its too risky to risk a potential future to Uber. Uber doesn't pay that great either. read more

You can generally get an Uber ride faster. Taxi drivers are more likely to be rude. If an Uber driver is in a bad mood, he or she can just stay home. An Uber car is likely to be cleaner. It’s my personal car, and I have my rating to consider. “My credit card reader is broken.” Self-explantatory. You’ll never get that from an Uber driver. read more