The economic principles behind Uber’s success

Image: Freepik

Everywhere from Silicon Valley to the southern tips of Africa to the kangaroo corners down under, your ride shall only be a few taps away.

Anything less than a 4.6-star on average can get a driver deactivated from the company’s list of drivers, which is still better than Netflix’s thumbs up or down in my opinion.

Image: Freepik

One medallion, the right to operate a single taxi was once worth over a million dollars!

Sounds familiar?

Image: Freepik

So why exactly did Uber lose money early on?

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