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With all due respect (I can appreciate paying more for quality, I do so myself!), there are not enough of you to justify rideshare valuations (which are based on taking over the world, not being a boutique transportation network for the discerning mobility user).

Agreed, their current valuations cannot be justified. I'd argue the same can be said of most tech companies right now, though. At some point the markets are going to have to acknowledge that taking over the world/infinite growth is just not going to happen for all (or any) of the companies promising it, and some incredibly disappointing and painful market adjustments will have to be made. I am hoping some rideshare companies - or similar competitors - can ride it out and eventually settle into something more realistic with higher fares, because I believe the market is there. I think the world in general needs to start thinking about what it looks like to make sustainable companies instead of cancer-like world-conquering monoliths. It may not be a reasonable dream, though - Uber is definitely too far gone. I'm less certain about Lyft.

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