On: Uber Sets Valuation Record of $17B in New Funding

[keithpeter]

So is Uber 50x cheaper than taxis, or is it cheaper than your own car/pubic transport?

Note: I pay a flat monthly fee for transport (public) around £1200 a year. Trans, trams, buses.

[caublestone → keithpeter]

Price is not the issue for me. It's the service quality and convenience. I used taxi's to get home from bars and I would say 50% of the time I would have a problem (card machine doesn't work, don't go to my address, won't accept 3 people). Uber eliminated the friction.