Uber And Disruption

2013 was the year that Uber disrupted the way we traveled, by offering a more convenient way of requesting a taxi or car service all through the press of a button inside the app. But this industry seemed to be destined for disruption.

"A sharp collapse in its business is often the singular signal that the industry has hit a tipping point and an irreversible downward spiral kicks in for the incumbent’s business.

This is happening right now with Uber – more taxi drivers are switching to Uber, which means there are more cars on Uber, which means more people use Uber and fewer use taxis, which means more taxi drivers switch to Uber."

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