Originally Posted by
skybluesea
For 24Left, let's consider world's biggest airline is Delta with Market Cap @ +/-40 Billion, while UBER is running about 50 bil.
and let's coinsider what UBER really offers - a communications device to improve the transaction process in the lowly For Hire Transportation basis we know as taxis. And UBER has no plastic cards, no legacy systems, and investors believe the potential for UBER exceed by 20% the total global offering by DELTA.
And what do airlines do - FOR HIRE transportation, and because of rules set-up in 1944, still offer services through their own services, rather than marketing their products through third-party and operating on a white tail basis.
Why should a modern consumer be forced to this old way of thinking to essentially safeguard political interests in Quebec and Alberta
What a ridiculous assertion. The complexity of offering someone a taxi ride within a city and airline service are not at all comparable.
And pointing at Uber's valuation to say it's the wave of the future isn't any more sensible. Webvan was worth $6 billion at one point, where's it now? Uber isn't yet anywhere close to profitable and all it really has is a relatively simple idea that can easily be replicated by competitors if it ends up being successful.