Hundreds of thousands of drivers. Millions of users. Billions in VC funding. $51 billon valuations. After seeing the explosive growth of rideshare companies over the past few years, it is definitely safe to say that a new industry is exploding, and it is hitting the world full-force.
Uber released internal data on Thursday arguing that drivers who use the app to give rides-for-hire in their personal cars are making more money as chauffeurs than professional taxi drivers do -- as much as $17 an hour in the District and Los Angeles, $23 in San Francisco and $30 in New York. - Washington Post
It goes without saying that taxi use is rapidly declining. For example, in large cities like Boston and New York City, rideshare use is causing taxi medallions to decline in price. Cab drivers are hurling lawsuit after lawsuit at Uber and other rideshare companies. But the main players in the industry refuse to be shaken and keep tightening their grip on the transportation industry.
In this infographic created by me and Brett Helling, we share how the rideshare industry took over taxi in 2015. Check it out!