Uber may be under pressure in the press — but its business model is still on track to dominate and "ultimately eclipse" the taxi market, according to a new analysis from Goldman Sachs.
Uber, alongside companies like Lyft and China's Didi
Ride-hailing will grow eightfold by then and could be five times the size of the taxi market, justifying the giant valuations, the report said. At $68 billion and $50 billion, respectively, Uber and Didi are the two most highly valued venture-backed companies, according to data firm CB Insights.
Central to the growth of this industry, according to Goldman Sachs, is the proliferation of self-driving cars.