Uber is a bezzle ("the magic interval when a confidence trickster knows he has the money he has appropriated but the victim does not yet understand that he has lost it"). Every bezzle ends.Uber's time is up.1/ pic.twitter.com/UkqGXvC744— Cory Doctorow (@doctorow) August 10, 2021
They would lose the majority of their customers. Cabs are so expensive people only use them if they absolutely have to.
If they lose the majority of their customers, they lose the majority of their drivers because drivers won't be as willing to wait on standby when they rarely get rides. Which means they won't be able to provide rides reliably, which makes just calling a cab company, who has a depot of cabs and drivers waiting for customers a more appealing option. In theory Uber would still be cheaper, but not that much cheaper, and a cab would be much more reliable. So nobody would use Uber anymore.
They would lose the majority of their customers. Cabs are so expensive people only use them if they absolutely have to.
If they lose the majority of their customers, they lose the majority of their drivers because drivers won't be as willing to wait on standby when they rarely get rides. Which means they won't be able to provide rides reliably, which makes just calling a cab company, who has a depot of cabs and drivers waiting for customers a more appealing option. In theory Uber would still be cheaper, but not that much cheaper, and a cab would be much more reliable. So nobody would use Uber anymore.