2 ms·
Interesting reporting about behavior that goes somewhat beyond business-as-usual for corporate lobbying efforts (not a justification, just a note that these kin
by photochemsyn 4y ago
Interesting reporting about behavior that goes somewhat beyond business-as-usual for corporate lobbying efforts (not a justification, just a note that these kinds of tactics are relatively common and this report is not an extreme outlier, compared to pharmaceutical lobbying for example).
However, it's curious that there's no mention of Uber's largest backer, the Kingdom of Saudi Arabia, which put an unprecedented $3.5 billion into Uber (initially, that may not be all). All the article mentions is this:
> "From Moscow to Johannesburg, bankrolled with unprecedented venture capital funding, Uber heavily subsidised journeys, seducing drivers and passengers on to the app with incentives and pricing models that would not be sustainable."
https://www.thestreet.com/investing/how-much-of-uber-does-saudi-arabia-own-15162803 https://www.thestreet.com/investing/how-much-of-uber-does-sa...
Uber's relationship with Saudi Arabia certainly deserves some mention:
> "In the interview with the digital news platform, Khosrowshahi said the 2019 murder of Washington Post journalist Jamal Khashoggi shows that "the (Saudi) government said they made a mistake. It's a serious mistake, but we've made serious mistakes, too right?""