Eroding the value of taxi services

Thanks to UBER or Lyft taxi services are in the media all the time at the moment: Legal desputes, discussions over the rights of those firms to exist, sale figures etc. But do the taxi services really lose their value within the society? In summary we could say, as does the journalist of the article below: „This isn't to say that old-school hired transportation is going away for good, but it's certainly not the safe bet that it used to be.“