Head Of San Francisco Cab Company Predicts Lyft And Uber Will Put The Industry Out Of Business Soon

The city's taxi sector is already writing its own obituary. While it struggles to catch up to the innovations of upstarts, some are already acknowledging it may be too little, too late.

In some cities, ridesharing services like Lyft, Sidecar, and Uber are just starting to take hold. But in San Francisco, they're already clobbering the taxi industry. The president of DeSoto Cab Co., one of the biggest cab companies in the city, said in a recent interview that he would be surprised if San Francisco's cab industry survives another 18 months.

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