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Regulation hasn't caught up with the technology, and even when regulation exists regulators are very slow to enforce it. Uber and Lyft were various degrees of b
by kevingadd 5y ago
Regulation hasn't caught up with the technology, and even when regulation exists regulators are very slow to enforce it. Uber and Lyft were various degrees of blatantly illegal in many places they operated, but it took regulators years to actually do anything about it and at that point they were so well-established that it rarely made sense to actually punish them. It's a reliable bet to make if you've got investor millions to spend on lawyers and lobbyists.