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About That $40 Billion Uber-Valuation: Mapping Where Uber Has Been Banned Around The World
Just a week after raising capital implying a $40 billion-plus valuation, Uber is coming under significant pressure as their operations are banned in various nations, death threats in others, and some of its drivers were accused of committing crimes against customers and the public. As the following map shows, there is room for growth but increasingly Uber's disruption is being disrupted...
Chart: Reuters
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“Thymios Lymberopoulos, the outspoken president of Attica’s taxi federation, on Thursday declared that any cab drivers found to be working with international ridesharing service Uber, which recently extended its operations to Greece, should be “hanged.”
“Any cabbies who betray the taxi, like modern-day Judases, for 30 pieces of silver, should be hanged,” Lymberopoulos wrote in comments on his Facebook profile page. “The war has just begun,” he wrote, adding that all taxi owners should keep their eye on drivers renting their vehicles.
Uber's week of woes is continuing with:
Authorities in San Francisco and Los Angeles taking legal action against the internet-based taxi firm. District attorneys in San Francisco and Los Angeles claim Uber made "untrue or misleading representations" regarding the quality of its own background checks on drivers.
It has been banned from operating in New Delhi following the alleged rape by a driver of a female passenger.
Meanwhile, a judge in Madrid has ordered a temporary halt to the service and Thai authorities say the firm lacks proper registration and insurance.
Uber is yet to comment on the latest legal cases against it.
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But apart from that - yeah it's worth $40 billion - why not!!!!
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IF UBER wants to succeed, they need to change the qualifications:
Blonde or redhead, 34c minimum breast size, shaved, driving hot sports cars.
Oh, and topless.
$$$$$$$$$$$$$$$$$$$ ZING $$$$$$$$$$$$$$$$$$ Instant winnah!
Uberly overvaluated. Fuck VC-funded SF web/app startups.
I predicted on these pages, er, bits and bytes, only a week ago that a few accidents and/or crimes would make things much less copacetic for Uber, but there are many other issues, regulatory, political, etc.
The barriers to entry are..., well, none. If Uber can do this anyone can, so the point is?
In Singapore, all Taxis are operated under a Government-sponsored cooperative so it's no surprise that Uber would be banned there.
All this means is that Uber isn't yet part of the Red Shield conglomerate of companies. It will be soon.
The Free Market - banned by law.
This IS tyranny.
The Law of Men.
Cab Companies are evoking the guns of government to perpetuate their monopolies. Violence is a failure to reason. Cab companies have already lost the debate. Markets have spoken.
I will never take another Cab again.
+1 It seems the sole purpose of .gov these days is to perpetrate monopolies for the 'contributors'.
In the eyes of this government, the worst crime is un-approved commerce, that is where they don't get their skim.
Death sentence delivered summarily oftentimes.
The gangsters on Sand Hill Road in Menlo Park must be getting desparate if this turd is their next big thing.
Taxi companies are usually the most politically connected businesses in most cities. And taxi companies are run and owned like Longshoremen. They are usually real sleaze who will bust heads and kill people if need be sort of like....ah...the banking industry with fewer nail guns.
Good luck Uber.
Dupe post. Sorry. Brought to you by En Ess Aye spyware on my machine.
I'll trade shaved for swallows.
That woudl be the SWuBER service...
But they ain't done the knowledge. Black cabbies won't have their seventh annual 'oliday this year
Just wait until the lawsuits start for rape and burglary.
In Orlando we've all been raped for many decades by the politically connected Mears Transportation ... I wouldn't be surprised if the connected cab companies find women to file charges against Uber and Lyft drivers..
p.s. according to the legend, that yellow dot in northern India says rape is a misdemeanor.
For balance they should show a map where taxis have been accused of a misdemeanor.. lol, maybe another with accidents and a third for rape.. it happens so often in the taxi industry it is not even news
You know they're doing something right when everyone who benefits from the status quo starts fighting.
(and btw - why the fuck would you commit a crime in a vehicle that is registered with the service and which clearly identifies you)?
why the fuck would you commit a crime in a vehicle that is registered with the service and which clearly identifies you?
Precisely. These stories are either overblown or fabrications.
Guvs don't like their cash cows getting away from them. They'll lie, cheat and steal... and even kill (ahem, Eric Garner) to maintain their Thug's Privilege.
It is actually your own car! Not like an anonymous yellow taxi
You have to laugh at the niavete. You'll just hire some programmers and unseat the entrenched interests of unions and the government. Good luck.
On a totally different subject:
Scot Young, a London investor "fell out" of the window of his 4th floor penthouse and died.
Only the fourth floor? Seems like sloppy work. Might have survived.
Someone opted for the discount, quicky service.
Looks like he landed on the spikes of a cast iron fence.
That is correct. Forgot to mention that. My mistake.
with two bullets to the back of the head. just to make sure the authorities wouldn't mistake it for murder.
You're SURE they weren't self-inflicted? :)
So if a normal taxi cab rapes someone we have to ban cabbies?
In the UK Muslims (many paki cabs) raped and groomed for years +1400 white girls.
do we have to ban Muslims and Cabs?
http://www.telegraph.co.uk/news/uknews/crime/11057647/Rotherham-sex-abus...
or for some more color:
http://www.barenakedislam.com/2014/09/13/uk-rotherham-muslim-rape-gang-e...
fuck whoever downvoted this
Yeah and the local taxi lobby where I live keeps blabbing about training and skills.
Well the average guy has a license so there's the training and if he doesn't shower for a day he has BO so there's the skills.
Is there anything else?
Yes I was gonna say "training?" Maybe they can train them on using deodorant and maybe a few driving lesson plus speaky the english.
There is no culture on earth as depraved of conscience or guilt as all muslem derived cultures. Tribalism, pseudo slavery of women is the norm.
I think the US takes some beating.
Ponzi
A hack's take on Uber.
http://taxicabdepressions.com/?p=1759
In a free market you wouldn't need regulations and health inspections in restaurants. The restaurant has a vested interest in serving food that doesn't kill its costumers so they continue to come back so the owners make a profit and don't go bankrupt.
The issue with Uber is that the taxi services across the world have so much government regulation and interference that they can not compete. Uber has been allowed to compete on a more of a free market environment and taxi's do not. Taxi's are artificially expensive because of the government interference in the free market.
Obviously the name Upton Sinclair means nothing to you.... The ignorance of Libertarians about history never ceases to amaze me.
Don't be duped...Sinclair was a socialist.
well this is what his name means to me: "a series of factual mistakes." http://wiki.mises.org/wiki/Meat_packing in other words, ignorance of history. and i'm not even a libertarian! got an axe to grind with them or something?
Your link is broken. Here is one that works.
http://wiki.mises.org/wiki/Meat_packing
this isn't exactly true. you would still have restauranteur's agreements, and you would still have health inspections, it's just that anywhere you did, they would be voluntary.
you would be free to run a business uninspected, but then you would not have any certifications to separate you from the pack.
in the US the appliances/electronics industries have only one reliable name which does exactly this: Underwriters Laboratory. it existed long before government regulations did. manufacturers send their products to UL specifically so that they can afford insurance that covers product failures. they often have to change their product to meet safety standards. look over some of your appliances and you'll see the stamp.
bullshit! the taxi drivers are the most arrogant, hence the most dangerous drivers by far.
Fuck the cabbie and fuck regulation!
Yeah and FUCK UBER !
Well....even the worst waitress will not threaten to kill other waitresses for tips.
You really want an app or business that takes youre order and forwards it to a restaurant to be subject to health inspections. What would they inspect, the tempature they keep their servers at so bacteria does not grow on your order?
Well, I don't know about Uber. But the quote in the article sure explains a lot about why Greece is joining the third world.
Uber is banned in the biggest German cities too.
I have no doubt some Uber drivers accosted their customers. How does the rate compair with licensed cab drivers. I remember reading about the banker stabbed in his driveway over too small a tip/ The taxi and Limo comission in almost every town is designed to grant a monopoly and restricted access to those who buy a madallion
Service is bad - most of my drivers are talking on a celphone the entire drive in a foreign language. They never ask about my preference for air conditioning, music etc. They sneer at my tip. Bad service high price, mark of a government enforced monopoly. Drivers talking on even a hands free phone are distracted and hence dangerous. TLC cares not at all that my driver is distracted when my life is in his hands. They care less that licensed cabs cost me more. They care nothing that service is bad the cars junk and dangerous (last yello cab I was in I could small exhaust fumes and wondered if the driver would pass out from CO2
Uber Uber drivers have better cars, are considerate, never tal;k on the phone ask about air conditioning and music cost less. Lets outlaw that
There are thousands of local car services there.
Just use them.
Uber is "free market" and anywhere Socialists can kill it they will, taxi franchises are a major source of local political graft, they are essentially local monopolies.
Uber eats their lunch and cuts out the political scumbags dippping their beaks. In many cases Uber drivers earn lots more than cabbies and the local mafia cut is zero, they hate that.
Trust me even Rudy Guiliani "got a cut" of the taxi franchise political donation pool.
So "free market" means one single multi-billion dollar Silicon Valley corporation ?
The 40 BILLION dollar valuation is absurd, monopoly lover boy.
There's nothing precluding you or anybody else from copying Ubers business model, yes the 40B valuation is ridiculous, and there is no monopoly for Uber, I'm sure they have competition opening up daily and I'm sure they're trying to kill competition like the cab franchises too, Uber is still free market.
So if i go open up a food establishment and do not comply with any local laws or requirements that is free market. If i hang out shingle to be a doctor with no license and follow no requirements to be a doctor that is free market. I start a law practice withour being a lawyer that is free market. If i create drugs and bypass the fda that is free market. Got it thanks!
don't fuck with cab drivers. lol!
i know a little about this business. there is good reason most .gov authorities require drivers to have a permit to hack. you want your driver's finger print or dna on record.
there are three major fixed expenses for a taxi driver. most pay a daily or weekly fllat rate or a percentage of the book. for an independent owner/operator you have to carry a 1million dollar liability policy. it may be more now. you have to pay for dispatch. dispatch is the central phone number that takes the calls for a cab , then dispatches a cab. some places need dispatch to find work some don't. you still pay for the radio or computer or meter or whatever else they want to charge you for. the big expense is the permit. most are leased to drivers.
owner/operators have to pay for maintenance on the car with regular .gov inspections to make sure.
uber charges for dispatch(what hteir driver's pay them) what a lot of cabbies pay for a .gov approved ride. uber scalps their drivers. traditionally a finder's fee for a fare was 10%.
On one hand we have another magical internet IPO that will save the world, save users billions, and make a few insiders rich. It will also siphon local revenues via ride sharing into a foreign country and remove that transportation income to SFO.
On the other hand you have taxicab drivers, who in all nations, cultures and continents tend to be scam artist, thug unionist, liar, criminal, grifter scum who should all be lined up and shot.
So IVE BEEN PAYING OUT THE WAZOO AT THE PUMP ALL THESE YEARS TO ARTIFICALLY FLOAT THE ECONOMY?
how could i be so gullible......shoulda walked.
Even if they ban Uber in some cities, the free market comparison will doom all cab companies globally.
What bothers me is that Uber is a USA SFO company that is attempting to make a local service - taxicabs - an international one that they are competing for, and thus much of the local revenue for taxicabs will be sent to SFO and then on to Ireland for tax scrubbing.
This is internationalising local services. It looks like Avatar or Blade Runner, but not as cool and just as dire.
This will take local revenue and send it to SFO.
Imagine going to any city in the world and GlobalTech is your only choice for a taxi in any city - you don't think that once they crush competition rates won't go up?
This is part of the wider trend where technology is eating everyone's lunch. Think Amazon with its 15,000 robots manning the black friday warehouse. Walmart with self-service checkouts. The centralization of services into behemoth organizations isn't ideal. If the supply chain of large supermarkets was shut down, there would be chaos.
http://otdon.blogspot.co.uk/
An iPhone app that eats you alive. No, thanks.
Certainly not the only thing that the graphic points out.. Wondering what the statistics for the largest cab companies and car service companies are for the crime incidents that Uber drivers are being investigated for. Otherwise it's a bit sensationalist....