By Cristina Corbin : foxnews – excerpt (video)
Uber, the app-based mode of transport favored by millennials worldwide, is battling politics, bad press and claims its disruption of the car-for-hire business presents a danger on the streets, but a partial victory in New York shows the company is more than willing to fight for its future.
Founded just six years ago in San Francisco and now valued at more than $40 billion, Uber ended — or at least pumped the brakes on — a feud with the Big Apple, where lawmakers and Mayor Bill de Blasio were threatening to cap the number of drivers allowed on city streets. But in a surprise deal announced late Wednesday, the city agreed to table the limits until completion of a four-month study on whether Uber cars are in fact increasing traffic and harming the environment. The partial cave came after Uber put out an ad showing drivers from a broad racial and ethnic spectrum and pushed back aggressively at the political undertones of the plan.
“There is nothing progressive about protecting millionaire taxi donors who mistreat drivers and discriminate against riders and no amount of name calling by Mayor de Blasio will change that.” – Uber spokesman Matt McKenna… (more)
More proof that San Francisco politicians are out of sync with the national platform on Uber and other disruptive businesses. The Republicans, including Jeb Bush see these industries as the future and the Democrats, such as Hillary Clinton are questioning the social and economic impact of these tech behemoths. The huge wealth that is built of air, sometimes called the cloud, is probably not sustainable. Hence the rush to turn that air into property.