Ride sharing has taken over the world- and Uber is the most powerful example of this burgeoning business. Lowering transportation costs and simplifying payment has been a tremendous hit with consumers worldwide, however, the ride sharing app has been plagued by quality,safety and governmental issues. The issues have now caught up with them. Uber has been banned from London, and the city is hardly the full extent of their problems…
Transport For London (TfL) has announced it will not renew Uber’s operating license when it expires on September 30th. Since the app’s London arrival, groups have galvanized to block its use, with strong cases being made by London’s famous “black cabbies”. Uber’s opponents insist that the app lacks safety features for passengers or protections for drivers, while also causing gridlock and safety concerns on the road. No doubt- Uber will fight this ruling in the courts.
The move in London is hardly the only issue Uber is facing. In the Philippines, Uber was recently banned and forced to pay hefty fines before reinstatement. As a frequent traveler, this author has witnessed gangs of traditional cab drivers threatening the lives of Uber drivers in countries such as Indonesia. As with all disruptive technologies, whether right or wrong- some groups don’t want to be disrupted.
Uber has seen one of the most historic valuation rises in history, currently valued somewhere near 70,000,000,000.00 dollars. For the record, we just couldn’t resist writing out all the zeroes. There’s no doubt that this major “cash” makes Uber a lightning rod in the world. It’s not unfair to say that the company must use this capital to invest further in driver and rider safety, but at the same time many governments can’t resist insisting that much of that money should be going directly into their pockets. Only time will tell where ride sharing goes.