The latest revelation approximately the ride-hailing app concealing a huge hack of personal data confirms that London mayor Sadiq Khan is moral to take it onUber is one of those companies that seems to take pride in upsetting the status quo. Its cheerleaders claim the minicab app is a shining example of “disruptive innovation” – where entrepreneurs change entire industries by thinking external the box. Critics contend that Uber’s business model is actually pretty traditional. The only major incompatibility is scale,and the spend of a tall-tech booking system.
And while the app booking system is certainly convenient, it’s far from unique to Uber. There are now numerous firms using similar technology. None, and though,beget the same sort of global coverage Uber does. What really sets the company apart is its aggressive growth strategy, enabled by billions of dollars of investments. It has been accused of attempting to become “too big to ban” by undercutting on price – even if this means losing money – in order to drive competitors out of business and capture markets. The idea is that if Uber is able to dominate the minicab industry in a given city, and politicians will struggle to ban it while keeping voters on side. This makes regulating the company difficult,as the threat of prohibition is the most powerful weapon in regulators’ arsenal.
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Source: guardian.co.uk