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In most places they are breaking laws and calling it 'disruptive innovation': Losing crazy amounts of VC cash to [often illegally] compete against traditional
by abandonliberty 10y ago
In most places they are breaking laws and calling it 'disruptive innovation':
Losing crazy amounts of VC cash to [often illegally] compete against traditional companies that must be cashflow positive. It's not a level playing field. Laws exist so that drivers could make a livable wage; Uber is devaluing the medallions they've invested in.
Meanwhile in Europe they're still trying to argue that they're not a taxi company.
There's real disruptive innovation where laws don't exist yet. Digital data mining, surveillance, self driving cars, AI, etc.
Let's not confuse the two.