I'm not sure that I buy the logic of "Winner take all" in the TNC space. The service is intrinsically localized. There were competitors in NYC that I had never heard of before after living in SF, and SF companies that New Yorkers had never heard of. Furthermore, their is little efficiency to operating such a business at scale. The marginal cost of each ride is the same. I can see some strong network effects from travelers, but that doesn't prevent a service from cropping up in a local market that can compete with Uber.
All of the scenarios that I see where Uber can grind out competitors is by continually operating at a loss? I would imagine that eventually investors would tire of such a position.
All of the scenarios that I see where Uber can grind out competitors is by continually operating at a loss? I would imagine that eventually investors would tire of such a position.