Uber is big, really big. But I don't think it's too big to fail. And I think a failure will be colossal.
Has anyone noticed Lyft prices have gone way up? Like, almost standard cab fair prices in some cities? I wonder if Lyft is banking on the fact a lot of people use them so they don't use Uber, and noticing their prices are just slightly less than a regular cab. They could put them in a place where they're profitable, and charge a more traditional rate.
In the early days I knew Uber drivers who use to be cab drivers who claimed they made a ton more money than with their cab company. I doubt that's as true anymore, but once Uber fails, I bet we'll see a huge re-emergence of Cabs -- possibly alternative ride sharing apps that will put more money in the hands of drivers (where it should be).
It's really weird being in American cities today, because the number of cabs is significantly lower and noticeable. I saw a woman with her hand up, actually hailing a cab, and thought that was so weird. You rarely see that now. I mean it's probably better that cabs are more efficient with apps, going directly from pickup to pickup instead of burning fuel driving around, but there is still something lost with not being able to raise you hand or go to a taxi stand and get a cab in a city.