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0 pointsdevmor6mo ago0 comments

Neither Uber nor AirBnB got anyone’s “act in order”.

Uber just captured wealth via operating at a loss until competition was absorbed or destroyed.

AirBnB just helped further drive up the prices of single family homes and didn’t really have much effect on the hospitality industry at all - it caused a minor observable loss in profit which ultimately resulted in nothing.

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chrchr6mo ago

Outside of maybe NYC, taxi service in the U.S. was totally unreliable before Uber/Lyft. It's not even a matter of price. It's so much easier to get a ride now in most of the country.

I don't think AirB&B really improved hotels, but it did organize and centralize the "vacation rental" market, making it easier to, for example, rent a beach cottage for the weekend.

devmorOP6mo ago

Existing Taxi services did not improve - they were replaced by a lower quality, more expensive alternative with a lesser economic infusion to local economies.

Hotels and the hospitality industry did not improve at all.

None of those points refute me or support the argument I was contesting - that a “uber or airbnb of banking” would cause banks to “get their act in order”.

CamperBob26mo ago

they were replaced by a lower quality, more expensive alternative

That's certainly... an opinion.

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