SF Yellow Cab to file for bankruptcy

It will be interesting if there is room for traditional cab companies after the market stabilizes. Uber and Lyft have been effectively subsidizing fares at the same time as providing superior service.

It is not really clear what level of service the market demands without loads of venture capital helping to subsidize it.

Too bad, so sad... If they hadn't allowed their service to get so horrible, with nasty old cars, drivers that don't speak English and drive around in circles to increase fares, drivers claiming their card readers are "broken" so you have to pay cash, taking an hour to show up when called, passing by black people, etc., then this wouldn't be happening.

From the article: "Cab drivers, on the other hand, maintain that they undergo more rigorous criminal checks, enjoy more robust insurance, and generally have better knowledge of city streets."

Who cares about knowledge of city streets? Haven't they heard of Google Maps and Waze and GPS? This just shows how out-of-touch and behind-the-times the cab industry is. The insurance is a canard, as Uber insures their drivers for more than the cab companies (the problem with Uber is what happens when you don't have a paying rider). And criminal background checks are useless if you haven't been in the country very long; how are they going to check your background in Pakistan? Also, the Uber/Lyft reputation systems are far more valuable anyway, plus Uber/Lyft keep detailed records of all their drivers' movements when they have riders, so it's pretty hard for them to get away with anything; cabs aren't guaranteed to have any of that oversight.

And apparently driving for Uber isn't that bad, since the cab companies are now complaining that all the good drivers are switching to Uber/Lyft, leaving them with crappy drivers who earn them huge lawsuits for accidents they cause.

This, a million times this. Also, taxi drivers could care less about your ride experience. No way to rate them and cause any change, so they just treat everyone like crap.

So your business is workable because it evades taxes? What is this, Russia?