Comment by yashg

Prior to the advent of Uber and its clones, there were and still are radio taxis. You call a number and a cab turns up and you pay by the meter or an agreed upon price. How did it work then? Ride hailing apps need to go back to same business model. Act as a marketplace, connect two parties let the figure our a fair price and just charge the service provider for providing them a platform. But then it won't be a sexy business for the VCs and it won't make anyone billionaire.