Oldest taxi firm Uber San Francisco challenges

Flywheel, the oldest taxi company in San Francisco Uber challenges.

Since the introduction of Uber in San Francisco in 2012. Flywheel saw sharp sales decline due to lower prices counting Uber. Also got 65 percent of the taxi drivers about, reports SF Gate.

Flywheel think Uber with the current model- with venture capitalists and investors- to run off all competition, create a monopoly and then will increase prices for taxi rides.