Case unproven I am afraid. Uber and Lyft are losing money. What does ECON101 say about the desirability of entering a market where prices are below costs? That, more than any network effect, is the reason additional competitors are so rare in the US. When prices move to a long-run equilibrium the situation will likely change.

Based in Dallas, TX, USA. Entrepreneur. Software designer. Wine, food, and travel writer. Ph.D. in Economics. Soccer fanatic.