| Sharing economy in the online transport represented by the company Uber and GrabCar slowly taken market share as traditional taxi company like Blue Bird and Express. This is reflected in the decline in Express stock prices by 78.72% since the IPO until now while the Blue Bird stock prices also decreased by 42.27% from the IPO until now. Pearson statistical analysis showed that the price of the Blue Bird stock was positively correlated with the movement of JCI index and the price of Express stock negatively correlated to the movement of the JCI index. This means that the decline in Blue Bird stock prices affected by the decline in the market share represented by JCI index while Express does not. Government, traditional taxi companies and online transport companies should be together find the solution in terms of eligibility rules for the transport company. Traditional transport companies must innovate if it does not want its market share continuously drawn by the online transport company. |