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> because predatory pricing is illegal there Legality hasn't exactly been a problem to Uber's expansion. Why would this particular situation be different?
by 67726e 10y ago
> because predatory pricing is illegal there
Legality hasn't exactly been a problem to Uber's expansion. Why would this particular situation be different?
- DavidHm 10y agoThere's a bit of a difference on which government body enforces which rule. In quite a few countries, taxi rules are governed by cities - so the municipality government is the enemy. Anti-monopoly/ predatory pricing rules are at least national level - and if you are unlucky you can go against the EU itself, which historically has not been afraid to slap companies with gargantuan fines that would never be allowed from the pro-business USA SC.
- Aissen 10y agoYou might want to read this: http://blogs.wsj.com/moneybeat/2014/06/23/a-list-of-the-biggest-bank-settlements/ http://blogs.wsj.com/moneybeat/2014/06/23/a-list-of-the-bigg... This is well above any fine from the EU.
- pavlov 10y agoCould be because the European Commission is known for giving multi-billion-dollar fines to foreign corporations for anticompetitive behaviour? Uber might feel that the risk-reward ratio is not good enough here to be acting in bad faith.
- masklinn 10y agoAccording to the GP they specifically don't do that in the EU.
- legulere 10y agoUber has lots of problems with legality in Europe. In Germany it's basically nonexistent. Note that the regulation for taxis in Germany really makes sense (for instance background checks for drivers).