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Uber has the potential to become extremely significant

  • Many people have criticized Uber, the ride-sharing service valued at $17B, as per media reports. However, media reports indicate that the start-up is anything, but problem-dogged.

    The private car ownership is likely to decrease because of Uber service.

    Media reports explain that the service has already proven to be a cheaper alternative than owning a car and its competition with other similar services is making its prices decrease even more. "It wouldn't be a stretch to see many small and midsize cities become transportation nirvanas on the order of Manhattan - places where forgoing car ownership isn't just an outré lifestyle choice, but the preferred way to live."

     

    Tagged as: uber service, uber competition, cab services, money news, business news