- Flywheel, the oldest taxi company in San Francisco Uber challenges. The company formerly named DeSoto Cab, demanding 5 million dollars from the technology company that taxi services a few years ago to offer a relatively new way in the American city.
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.