| Ride-hailing companies will grow eightfold by 2030, dwarfing the taxi industry: Goldman Sachs|
5/25/2017, 9:44:42 PM · by Lorianne · 31 replies
CNBC ^ | 24 May 2017 | Anita Balakrishnan
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.