So the VC's might lose money. But if the central bank is aiming for a bigger picture, Uber and Lyft have been great improvements on the market/society/efficiency overall. A car picks me up in 1-2 minutes, instead of the 10 minutes a taxi used to take. And it actually comes - taxis in SF have always been unreliable.
And instead of most cabs driving around aimlessly empty half the time burning fossil fuels, now you have the majority of Uber cars carrying at least 1 customer (sometimes 2 or 3 with UberPool/Lyft Line) most of the time.
So the VC's might lose money. But if the central bank is aiming for a bigger picture, Uber and Lyft have been great improvements on the market/society/efficiency overall. A car picks me up in 1-2 minutes, instead of the 10 minutes a taxi used to take. And it actually comes - taxis in SF have always been unreliable.
And instead of most cabs driving around aimlessly empty half the time burning fossil fuels, now you have the majority of Uber cars carrying at least 1 customer (sometimes 2 or 3 with UberPool/Lyft Line) most of the time.