Let me get one thing clear: I am fascinated by Uber, as a business, as a service, as a model for the modern economy, and even as a force for racial justice (more on that some other time). But it's increasingly clear that the fast-growing ride-hailing service is what economists would call a natural monopoly, with commensurate profitability. Should the windfall really all go to Travis Kalanick and the investors who are now putting a $30bn valuation on the company?
An interesting read via Gizmodo
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