Comment by dreamcompiler

There is zero barrier to entry for a rideshare service. (Just ask the city of Austin.) Absent COVID, competitors would be coming out of the woodwork to supply this market with fairly-paid drivers. That means the cost of a ride will double, but that simply means we'll be paying taxicab rates for much better service than taxis provided in the past. We've known all along that Uber's prices were too low to be sustainable anyway.