Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Ubering: the "Rideshare" Story

Ubering: the "Rideshare" Story

Fermoselle, Rafael

Paperback

EconomicsTransportation General

Publisher Price: $20.99

ISBN10: 1532091273
ISBN13: 9781532091278
Publisher: Iuniverse Inc
Published: Dec 22 2019
Pages: 296
Weight: 0.88
Height: 0.62 Width: 6.00 Depth: 9.00
Language: English
There are a few creations that have become products, because they became dominant in the market, and synonymous with an entire product category. Genericized names include Frigidaire, which became synonymous with refrigerator, Xerox, which became synonymous with photocopying, and Kleenex, which became synonymous with tissues. That has been the case with Uber, which has become identical with rideshare. Despite rapid growth since 2010, Uber has not become profitable, is carrying a cumulative loss of over $15 billion, as of November 2019, and it is doubtful if it will ever become profitable. Despite becoming an eponym, a key component of the gig economy, and inspiring numerous copycats, there is no guarantee that Uber will be able to generate an adequate return on investment, and remain in business. The concept has fatal flaws that impair its legal soundness. In the end, consumers and society determine if any business succeeds or fails. Government regulations are largely non-partisan, and exist to protect society, the general welfare, and the free enterprise system. Uber and the ride-share concept may be plowed under by regulations that exist to protect the public interest. However, regulations sometimes backfire and cause unintended consequences.

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