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This is how regulators wind up securing established companies. Capping commission rates favors Uber because Uber already has the infrastructure and resources a
by say_it_as_it_is 7y ago
This is how regulators wind up securing established companies. Capping commission rates favors Uber because Uber already has the infrastructure and resources at its disposal so that it may afford earning less, cutting head count as necessary, where as entrepreneurs who want to compete with Uber don't. They have many more mountains to climb and less opportunity once they've reached the market.
India is essentially planning on fortifying Uber's position. Well done. Mission accomplished, lobbyists. Go long on Uber stock.
- badestrand 7y agoIt's a business with a very low barrier of entry. Same like food order platforms, both will have new players enter the market. If anything, the cap is dangerous for Uber as they have very high fixed operating costs, compared to a startup.