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> Taxi companies are profitable and they have employees, a fleet, garages.

They’re only profitable because of regulatory capture. The government gives them a monopoly and limits supply.

If they offered unlimited medallions, taxis would lose money too.




Even against a government backed cab monopoly, Uber still has more market share in key markets like NYC. That’s kinda my point why the bear narrative doesn’t hold up.


Would they still have more market share if they weren't selling a dollar for fifty cents?


They said the same about Amazon and it’s earnings for almost 10 years, it was false then and it’s false now.




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