Taxi Toronto

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Uber Needs to Learn it Can Follow the Rules and Disrupt

Uber, Inc., the start-up darling recently earning a $40 billion valuation has found itself embroiled in a high-stakes regulatory and public relations battle over its disruptive business model. Uber has a lot going for it: a profitable business model with substantial demand backed by revolutionary technology with the ability to transform every on-demand service. It's genius and about time the taxi industry is given a shake-up. So why is everyone ganging up on them? No, it's not a media-biased conspiracy as some would have you believe. It is hubris and an underestimation of the politicized stakeholder environment in which it operates.