OK, so we have a phenomenon here that has taken on historically huge proportions in the era of the Everything Bubble.
Russell 2000 back where it had first been in November 2017.
But it had big tax benefits & one-time gains. And Uber Eats is hot, so to speak.
Will Madrid be next?
But there’s a bottom for everything.
The competitive advantage rideshare giants have over local taxi firms is their ability to burn cash, as investors eagerly subsidize each ride.
Its fleet of autonomous cars thus far has gone the way of the Spanish Armada, producing nothing but grief.
War in business ground transportation. But tipping is not popular.
Uber has struck a more conciliatory approach this time, but taxi drivers are not convinced.
Big pain and some relief for Saudi Arabia.