I think in most countries the drivers get paid by the taxi license holders and usually can make more money and/or more have more flexible working conditions driving for Uber.
No, their customers revolted. If a business based on "Get in cars with random strangers" beats you in the marketplace, your business model sucks and chances are good that you do, too. That's the taxi industry in a nutshell.
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yeah I was a uber bear too, some how it has turned around
I was betting on the taxi drivers revolting, but the capital markets have prevailed
In what country would taxi drivers revolt?
I think in most countries the drivers get paid by the taxi license holders and usually can make more money and/or more have more flexible working conditions driving for Uber.
See eg https://www.statista.com/chart/6971/fare-deal-taxi-drivers-e...
> In what country would taxi drivers revolt?
Germany.
Better the taxi drivers revolt in Germany than artists!
No, their customers revolted. If a business based on "Get in cars with random strangers" beats you in the marketplace, your business model sucks and chances are good that you do, too. That's the taxi industry in a nutshell.
The old taxi union+licensing+bully hybrid system common in many parts of the world was far worse than the cruelest thing uber could do.
Capital Markets found in favor of giant corporation Uber instead of giant corporation Cabcharge.