Isn&#x27;t Uber&#x27;s entire business model (and its ridiculous valuation) based on the idea that they were going to become a monopoly? (and thus recoup the huge investment costs by raising fares?)<p>I can&#x27;t see them accepting a competitor in the long term. A competitor will keep margins slim and the VCs invested in Uber won&#x27;t be very happy with that. I wouldn&#x27;t be surprised if Uber ups the ante and cuts fares to absurd levels in order to try to drive Lyft into the ground.