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Uber operates in "strict" (as in 'technically correct') adherence to local policy. That means, in places where the policy is strict, like for example Italy (Mil
by ReadTheLicense 4y ago
Uber operates in "strict" (as in 'technically correct') adherence to local policy. That means, in places where the policy is strict, like for example Italy (Milan), they have only licensed taxi drivers with licensed taxi cars. And where law allows (even with a loophole) they have less.
Uber is structured so that each country has one business entity, thus it's very easy for them to say "our Swiss entity does not do any such thing in Switzerland". Many EU countries have similar laws too, btw - and they have a very clear separation of base price and promo price here, and the base price is regulated.
- rafale 4y agoThis sounds like a great way to quantify policy/law impact on businesses, by comparing their financial performance.
- swores 4y agoObviously to an extent it can be compared, but considering laws aren't the only difference (economics of how many people in each country need work at what price, culture of who owns cars vs uses taxis vs cycles, etc etc) it would take an awful lot of analysis to compare them usefully (which no doubt various people both inside and outside Uber are doing, of course - and Ive no knowledge of how successful they are at that). You couldn't just look at one being twice as profitable and say "that's the effect of country A's legal regulations vs. country B's".
- bschne 4y agoAlso I'm not sure the data is available, does the US entity which is publicly traded have to report on all subentities' financials separately? Don't they usually just consolidate the financials?
- ReadTheLicense 4y agoThe individual local business entities have their own mandatory data publication requirements. At least in EU, it's usual for companies to have to share some economical data publicly (usually there's a minimum on revenue but Uber certainly is over).