Yes. Without billions of subsidies from VCs, both companies are long gone.
I'll leave it up to you to conclude whether or not trading $0.60 for a $1 can last forever.
I'll leave it up to you to conclude whether or not trading $0.60 for a $1 can last forever.
It needs to be less expensive than a taxi to generate a lot of demand, but this seems to be a pretty low bar.
If they raise the prices, does the market go away?
If they are able to outlast and go to self-driving cars, how profitable is that business when factoring in competition, possible regulation, or it even becoming a public utility?
Side note: big companies generally die because they don’t take a real threat seriously, and by the time they do, it’s too late.