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0 pointsdajohnson899y ago0 comments

My hunch is yes. I decided to do some quick math.

-NYC has ~13,605 licensed taxicabs.

-The average annual net income for a NYC taxi (in 2015, probably a bit lower now) was $58,555.

-$58,555 * 13,605 = $796,640,775

This figure is for taxis only, in one (big) city. It leads me to think that $70 billion is not an absurd number, globally.

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hx879y ago

I doubt even a monopoly dispatcher will get all $800 million of the revenue though.

Let's not forget, that revenue doesn't equal the value of a company either. Google's market cap is like $500B and their revenue is in the $70B range.

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