Thursday November 03, 2016

Uber Faces $5M Suit From San Francisco Cab Company

Uber is being sued again. The odd thing is that "predatory pricing tactics" lawsuits like this usually never go anywhere and they just sound like sour grapes from someone that is failing to compete in the marketplace.

"In reality, Uber has done little more than implement a business strategy that openly flouts the law while shifting many of the costs and nearly all of the risks of providing ride-hail services from itself to its drivers and passengers while forcing a race to the bottom through predatory pricing tactics آ— where, propped up by billions of dollars in venture capital funding, Uber will remain until its illegal strategy has forced all other competitors from the market," the lawsuit states.