Comments by "Matt26" (@Matt-pt6rl) on "Uber - The Most Fragile Business In The World" video.

  1. A small mind is capable of gargantuan oversimplifications
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  2. Imagine an industry that was as regulated by state and federal law to the extent of the taxi industry. Now see that industry destroyed overnight by a competitor who had no such restrictions or responsibility. The lesson is a deeply disturbing one ; the rules you are forced to follow may offer you no protection in the end .
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  3. When an industrious newcomer to our country worked slavishly to create a better life the pinnacle of his success was being the high bidder at a taxi medallion auction . Financing the purchase with a bank mortgage was the only way to pay ( highest price for a single medallion ;1.2 million dollars) . His ability to pay depended only on his hard work . Fast forward a few years when Ride sharing companies destroyed the taxi industry. His investment was worthless, his hard work could no longer be relied on to make his life better , and the agencies who governed and regulated his business offered no protection. Bankrupt and beaten he parked his cab on a tall bridge , threw the keys into the water below and made the last call on his cellphone to Uber for a ride home …..no.. just kidding.. he jumped .
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