Tuesday, July 19, 2016

No cakewalk

Uber drivers have now completed over a billion rides in 76 countries since their start in 2011.

In the face of considerable opposition, Uber has managed to succeed as an alternative to the taxi industry. In London, where black cabs are in fight mode, about 30,000 people become new Uber users per week.

Hungary just became the second country to outright ban it. Uber is trying to get around some sort of legal challenge in Taiwan.

"Regulating them out of business is one way of proceeding, but it is not the right way, for a litany of reasons – not least the new and perhaps unusual income earning opportunities they offer for sections of society who would find it difficult to earn money in  more traditional ways."

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