It's worse than that: not only are there plenty of competitors to Uber (especially on a local scale), but in a way, Uber sowed the seeds of its own destruction. Before Uber, all the regulations around the taxis business were a pretty high barrier to entry. But with billions of dollars of VC backing, Uber has done a pretty good job of clearing the regulatory hurdles out of its way... and out of the way of its competitors too. I suppose we should be thankful to the venture capitalists for so generously donating money to improve competition in the taxi industry.