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Could Uber London be the beginning of the end for Uber?

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2 years ago

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What is the future of Uber in London and around the world? If you’ve invested with Uber, you might be a bit concerned. With Uber firing 20 employees over sexual harassment probe earlier this year. As well as Travis Kalanick, the Founder, and C.E.O. resigning from his position as C.E.O. because of concerns from major investors like venture capital firm Benchmark Capital, because of years of concerns about a dysfunctional workplace culture and their deceptive practices in avoiding and skirting authorities worldwide. It has become apparent to authorities in London that Uber is not welcome anymore.

On September 22, 2017, we learned that Uber, will not have their London licensed renewed as of September 30th. London is a huge market for Uber. With 3.5 million clients and 40,000 drivers in London. The financial damage this will have on Uber is unknown at this time, but it will most certainly be a loss of tens of millions of dollars.

Uber, has stated that they will appeal the decision immediately and while they are in the appeal proceedings, they will continue to operate.

Perspective

Uber to Lose its License to Operate in London | The Stream

https://stream.org/uber-lose-license-operate-london/John Colley, a strategy professor at Warwick Business School, said poor values ultimately bring companies down. Uber is now effectively banned from France, Spain and Belgium — together with facing litigation and investigation around the world, he said.

“There is a very long list of businesses who have suffered for failing to uphold the level of values necessary,” Colley said. “Until Uber gets this message then it will suffer lost trade as a result of its deteriorating reputation.”

 Uber deserved to lose its licence – Londoners’ safety must come first | Sadiq Khan | Opinion | The Guardian

Today, Transport for London has made the formal decision not to renew Uber’s operating licence. This was made independently by TfL as the regulator. I know this decision will be controversial in some quarters. Uber has become a popular service for many Londoners. But I fully understand the decision that has been taken.

One of the reasons why London has become such a success with international business over centuries is because of our professionalism and sense of British fair play, with transparent rules, laws and regulations. This ensures that all companies are treated equally – something we would never want to lose.

Uber London loses licence to operate – BBC News

Make no mistake, Uber will use every legal avenue to fight this ban. It will argue that consumers, in the shape of the millions of mainly young Londoners who rely on its service, will be seriously let down if it can no longer operate.

But the courts will have to balance that with the serious concerns about public safety raised by TfL.

 

Reaction

Final Thoughts

As an owner of multiple transportation companies, I have mixed feelings of Uber. The taxicab industry is utterly corrupt because of political corruption and crony corporatist. The one thing I like about Uber is that it is breaking the monopoly in many ways. I have always believed that the market should be opened up to everyone, but that there must be safety regulations that apply to all vendors. Here in California, taxicab companies must pay thousands in commercial insurance policies, meter inspections, vehicle inspections, drug testing, and extensive DOJ background screening of drivers. I believe that regulations to make sure vehicles and drivers are properly vetted is a good thing, as well as proper insurance.

The problem I have with Uber in California at least is that they don’t do any of these things. I want a free and open market, but you cannot have one company playing by one set of rules and Uber doing pretty much whatever it wants. I believe safety and privacy rights is what the government should be concerned about. If Uber continues to think that they can do whatever they want they will quickly find themselves losing more than just London; as countries, municipalities, and customers are rejecting Uber they might find themselves with so many taxicab companies they have put out of business.

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Foreign Affairs

Venezuela is colluding with Russia while America is distracted by Trump not colluding with Russia

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10 hours ago

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March 25, 2019

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Venezuela is colluding with Russia while America is distracted by Trump not colluding with Russia

Two Russian jets carrying troops and equipment landed in Caracas, Venezuela, as part of a mission to “fullfil technical military contracts,” according to Russian media. But it’s almost certain this is part of Russia’s play on Venezuela to prop up socialist dictator Nicolas Maduro just as they did with Syrian dictator Bashar al-Assad.

Meanwhile, most Americans who follow the news cycle were bombarded with perspectives on Attorney General William Barr’s summary of the Robert Mueller investigation report. In it, President Trump and his 2016 campaign were found to not have colluded with the Russians in their election hacking endeavors.

My Take

While most were focused on fake Russian collusion, the real thing was happening in one of the world’s hottest spots, Venezuela.

Russia’s play here is simple: keep Maduro in power at all costs. They got the drop on any actions the United States may have been planning, though it’s unlikely those plans included military intervention. Still, Russia isn’t taking any chances. By getting troops and equipment on the ground, they’ll be able help Maduro by offering cover from outside actions while bolstering his support internally.

Any defections or coup attempts will be much less likely with Russia directly involved.

The opposition leader who America and over 50 other nations consider to be the rightful interim president, Juan Guaido, has been trying to get international support while maintaining domestic support, but Maduro’s move may have prevented that from happening.

In essence, the battle over Venezuela is now over. It’s unfathomable to conceive of action by the United States or any other’s who support Guaido other than diplomatic efforts that will accomplish nothing. Venezuela is doomed to retain their socialist dictator now.

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Foreign Affairs

Israel suffers another rocket attack from Hamas

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12 hours ago

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March 25, 2019

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Israel suffers another rocket attack from Hamas

A confirmed rocket attack from the Gaza Strip on Israeli homes near the border in the Kfar Saba area outside Tel Aviv. Sirens were heard prior to the rocket explosion and posted by the IDF Twitter account.

Six people were injured in the attack.

My Take

The conflict between Hamas and Israel has been getting old for years, but now is not the time to blow off the news. Hamas is having internal strife as its citizens protest living and economic conditions in the Gaza Strip. To garner international support and save face for failing to help their own people, Hamas is trying to start another war.

Meanwhile, Prime Minister Benjamin Netanyahu is caught between a contentious election at home and the need to get his own international support, particularly from the United States. He’s in Washington DC now to meet with President Trump, who has offered his support and endorsement for the long-time Prime Minister.

Hamas would love nothing more than for Netanyahu to be gone, replaced by a leftist who will wheel and deal for “peace” with the Palestinians regardless of the cost. If that happens, the toll will be great on Israel and the world.

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Foreign Affairs

Here’s hoping there’s a plan we don’t know about with North Korea

Published

3 days ago

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March 22, 2019

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Heres hoping theres a plan we dont know about with North Korea

In a move that many, including supporters on the right, are calling a move of weakness, the President reversed the Treasury Department’s additional sanctions on North Korea.

My Take

I’m just not sure what to make of this. I understand many have been concerned about how nicely the President has treated Kim Jong un, but I’ve always felt there was some sort of plan happening behind the scenes that would justify it. Now, I’m not so sure.

This move emboldens Kim to continue avoiding any compromise on his nuclear weapons program. It tells him and the rest of the world President Trump isn’t going to be playing hardball and intends to coax the North Korean dictator into signing some sort of agreement before the 2020 elections.

Dare I say, this seems very Obamaesque? Where’s the hardball? Where’s the threats against Rocketman? If there’s some sort of 4D chess being played in the background, I seriously hope we see it in play soon. This is a strange move.

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