Friday July 08, 2016

Good Uber News, Bad Uber News

Uber has raised another $1.5 billion via a leveraged loan. That's the good news. On the flip side of the coin, six Uber drivers on trial in Denmark were all found guilty of violating local taxi laws and fined $300 - $900 each.

Six Uber drivers in Denmark were found guilty on Friday by a Copenhagen court of violating Danish taxi laws and fined 2,000 to 6,000 Danish crowns ($300-900) each. In all six cases the Danish drivers had been using cars that were not approved for taxi services, Copenhagen City Court said in the judgment which was published online.