Uber is a growing business that offers a “controversial car-sharing service” across sixty countries. By eliminating the dispatcher, Uber provides a quick and convenient mobile app that allows users to book a driver and make cashless payments. Uber has seen significant growth within its first few years of operation; however, it has also seen many challenges with taxi uproars and government intervention. Although the car sharing service becomes increasingly more popular, many major cities (Vancouver included) have banned the convenient alternative to taxis. Should Uber be banned from major cities?
Uber’s aggressive strategy to “shoot first [and] argue later” has been highly criticized. While its market valuation is $50 billion, the future of the company remains unknown. The highly valued company has sparked outrage from taxi drivers for bending the regulations and avoiding the costly taxi licenses; however, the unclear regulations surrounding its services are the root of the controversy. Uber should be allowed to remain in operation in all countries because as demonstrated with many other businesses, when no competition is present, companies often monopolize the market. Uber’s customers are frustrated with the unreliable and expensive taxis; therefore, Uber provides a cheaper alternative to the traditional taxi service. While there are many questions surrounding the legality of Uber, the company should partner with the government to provide clear and defined regulations that will allow their company to speed down the highway while eliminating the legal challenges. As learned in class, by taking a threat and turning it into your partner, a more sustainable business can be created. Although Uber presents significant competition to the taxi business, I believe that it is a legal and valid business and should remain in operation while the government’s work to provide more defined laws.
Uber hopes to expand into #VancUBER
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