# Professor Aswath Damodaran shares his views on competition in the ridesharing industry

1 Faculty News November 7, 2017 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](https://www.bloomberg.com/amp/news/articles/2017-11-07/unable-to-beat-them-cabbies-join-uber-and-lyft-in-ride-sharing) -- "'The rule-makers have woken up to the fact that they can’t regulate Uber and Lyft out of existence but at the same time I think cab companies start out with a legacy problem,' said [Aswath Damodaran](http://www.stern.nyu.edu/faculty/bio/aswath-damodaran), a professor at the New York University Stern School of Business."

[Read more](https://www.bloomberg.com/amp/news/articles/2017-11-07/unable-to-beat-them-cabbies-join-uber-and-lyft-in-ride-sharing)