Uber's Absolute Competition
When Uber began just two years ago, the company's objective was to both upset and overtake the whole industry. Taxi cabs are a long-established mode of transportation in America. However, Uber has recently been the object of criticism and angst. Reflecting on this matter, it's astounding that Uber has survived for this long without any genuine threat of competition.
Well, now that competition has arrived, it's not going anywhere! Uber recently reached its apex with a value of $50 billion, in addition to their current reach that canvases more than 200 cities and close to 60 countries, globally. Lyft, who is Uber's nearest competitor is valued at a "mere" $2 billion, and has yet to begin to become Uber's absolute competition.
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