valhalla
Joined 11 years ago
Joined 11 years ago
I first heard about Google from my 1st grade teacher. He bought us 1984 Macintoshs (with his own money) to use since our school didn't see the point of buying new computers to teach first graders computer skills in 1999 (the irony is not lost on me...). When he saw me using Alta Vista one day in our school's computer lab, he stopped me mid-search, logged onto Google and the rest is history.
My teacher was kind of a hippie and had spent time on an Indian Reservation as a photographer. He was obsessed with astronomy and took us on field trips to the Griffith Observatory at night where attendance was extra credit. I don't know if this is representative of Google's initial user base but it wouldn't surprise me if it was.
TL;DR: It's almost impossible to tell in hindsight who the few users were especially when a company is ubiquitous. Needless to say, it seems to be the best way to succeed
Taxi service was often discriminatory in NYC and other cities: taxi drivers often refuse to pick up black passengers assuming they won't pay once they reach their destination and I've had gay friends openly complain about how SF cab drivers used to throw them out on Pride or after a PDA with their significant other. This was the status quo for decades because of the barriers to entry of municipal taxi services' monopoly. They never had to anything about it since their was no competition and if you didn't like it, you probably shouldn't take a cab.
Besides Uber's barriers to entry are it's scale (low prices and reliable service) and brand than de facto monopoly status (which I assume is what you're talking about since you mostly talk about competition beside summing up your link). The fact that a co-op could potentially "disrupt Uber" is evidence of that.
The issue is though how does one get drivers to switch from a reliable (though possibly imperfect, inefficient) source of regular income with a well-known brand to an upstart at a large enough scale to pose a direct threat to Uber, thereby forcing them to change their model or go out of business?
I'm living in LA right now and I typically wait 4 min for a car (longest has been 10 min). My last ride cost $4.44. That's less than a Big Mac! ($5.04 average price in the US). I can't imagine a new service being able to beat that from it's inception.
The other issue is that if drivers are allowed drive for Uber and Swift there could be a free rider dynamic: drivers get the benefit of belonging to Swifts' co-op but still get to be part of Uber's network. Sure Uber's service would suffer, but it would be a huge drain on Swift's resources and undercut their model (and reason of existing) from the driver's perspective.
It's remarkably relevant even though it's over a decade old
By December the same year the price "[had] crashed to $600, rebounded to $1,000, crashed again to the $500 range. Stabilized to the ~$650–$800 range."
Here's a graph showing the rate from July '13 to June '15:
https://en.wikipedia.org/wiki/History_of_Bitcoin#/media/File....