Matt Levine, Columnist

Car-Hailing Deals and Stress Tests

Also mergers, Moomins, disdain, Theranos, buybacks and bill market liquidity.

August 1, 2016 at 1:15 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

Provide news feedback or report an error

Site feedback:

Take our Survey

Uber Didi.

How many car-hailing companies should there be? Network effects are pretty useful -- it is such a pain to have two apps on your phone -- but on the other hand competition is also nice. For users. Not so much for companies. Uber and Didi Chuxing have decided to forgo it in China: