Graduate Blog / Tag: Lyft

Stephen Foung

The End of the Taxicab

The Taxi industry is a rare case that, until today, has gone relatively unchallenged and undisrupted since its inception in the 17th century. Unlike most industries – where firms gain a competitive advantage through innovation and superior products/service – the proliferation and dominance of the taxicab is solely due to city-imposed regulation. To be fair,…