On: Uber will not re-apply for self-driving car permit in California

[geofft]

Taxis are usually a bit pricier and also don't subsidize a large team of software engineers at Silicon Valley salaries.

[CydeWeys → geofft]

Here in NYC, the mortgage on a taxi medallion costs a lot more than the total salary of all Uber developers divided by the number of Uber drivers.

There are other costs that go into taxis that Ubers don't have. Taxis have back-office support staff too (the people you call up to order one to you).