Thats a silly analogy, streaming movies replaced physical DVD's,...

Thats a silly analogy, streaming movies replaced physical DVD's, there is nothing to give the slightest indication that one 'car for hire' company will send another 'car for hire' company bankrupt.

What is more likely is the 'car for hire' companies running at massive losses will go bankrupt - given that massive losses are a pretty common prelude to bankruptcy!

The biggest risk to the UBERS of the world is the established, profitable players adapting as CAB are by building payment/booking apps that remove the only real advantage they had.

I think it was always incorrect to see companies like UBER as disrupters, at best they were innovators that forced change on the industry as a whole - change that benefits all consumers.

Have a look at CAB results and you will see that the only real negative impact on the business has been the regulatory changes around a ceiling on card fees, other 'car for hire' businesses have had almost no impact.

Its fine to decide you dont want to invest in CAB, but its important to try and make sure you are right for the right reasons, otherwise your incorrect perceptions may lead to opportunity cost.