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The point was not to trick average people, it was to trick regulators by creating sufficient ambiguity around whether these companies were different enough from
by smacktoward 8y ago
The point was not to trick average people, it was to trick regulators by creating sufficient ambiguity around whether these companies were different enough from their already-existing counterparts to justify not applying the same regulations to them.
And it worked! For as long as it needed to, anyway.
- will_brown 8y agoIt didn’t trick regulators...in my county (Miami-Dade) Uber racked up millions in fines and “settled” for $4M. There are ~3,000 counties in the US...and significant outstanding debts/legal liabilities. The only people tricked is investors who are unaware of the real legal liabilities and whose funds are being used to float the illegal operations and some drivers who now have criminal records from doing a job they were paid to do. Now they are going to trick the public with a public offering and offload these toxic shares.
- elliekelly 8y ago> Now they are going to trick the public with a public offering and offload these toxic shares. You're right, they'll offload them right into a bunch of retirement funds.