> The success of Uber suggests that some people are choosing not to purchase private vehicles. But we don't know if this is limited to Millennials.
The success of Uber only tells you that a) some people use taxis, and b) a pirate taxi using VC money to offer rates at below market level will be popular with taxi users, for obvious reasons.
The success of Uber only tells you that a) some people use taxis, and b) a pirate taxi using VC money to offer rates at below market level will be popular with taxi users, for obvious reasons.