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Why the UBER Files story matters for all successful startups

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The UBER Files investigation has revealed exactly the lengths UBER went to, so it could grows as quickly as possible. It’s a lesson for all successful startups


What is Uber accused of doing?

A new report reveals that the ride sharing company lobbied political leaders to relax labour and taxi laws, and used what has been called a “kill switch” to prevent law enforcement and regulators. 

It’s also accused to have believed that portraying violence against its drivers was a good way to earn the publics sympathy.

The report has been called the Uber Files, and is compiled of a leak of more than a 100,000 documents. 

Also detrimental to the company’s image is the revelation that it has used tax havens in Bermuda and other areas. 

Uber was founded in 2009 to offer inexpensive ride sharing, and the reports reveal the extraordinary lengths it went through to get active in 30 countries. 

It’s lobbyists which include a former aide to President Barack Obama pushed lawmakers to drop investigations, restructure taxi laws, and relax background checks on drivers.

Uber responds

In a written statement, Uber acknowledged it had made “mistakes” in the past.

Uber has been controversial in various countries. 

Whether all the leaks are true or not, Uber has to take responsibility and respond to all the allegations. 

Fair competition can only be maintained through transparency.

It comes as a top UBER exec outs himself as UBER Files whistleblower.

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Business

Toyota announce Koji Sato as new CEO

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He’s the grandson of the founder, and a true titan of the industry.

 
But the question of who should replace Akio Toyoda at the top of Toyota had become a growing concern.

Now we have the answer.

The auto giant has announce its veteran boss would step down as chief executive, and become chairman.

Toyoda said he would be succeeded by chief branding officer Koji Sato from the start of April.

Sato says he loves making cars, and hopes to propel the company further down the Electric Vehicle path over the coming years. #Toyota

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Taylor Swift ticketing fiasco enters the U.S. Senate

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Live Nation is in the firing line over its inability to stop scalper bots from purchasing Taylor Swift tickets

U.S. Senators have grilled the boss of Live Nation over the lack of transparency relating to concert tickets for Taylor Swift’s upcoming tour.

The entertainment company, which owns Ticketmaster is under fire after bots purchased tickets for Swift’s ‘Era Tour’ last year, in an attempt to resell them for a higher price.

Joe Berchtold is the chief financial officer of Live Nation, who apologised to the U.S. Senate Judiciary Committee hearing.

“We apologise to the fans, we apologise to Ms. Swift, we need to do better and we will do better.”

Senators criticised Live Nation’s fee structure and inability to deal with bots, which bulk buy tickets and resell them at inflated prices.

“There isn’t transparency when no one knows who sets the fees,” Democratic Senator Amy Klobuchar said.

Meanwhile, Republican Senator Marsha Blackburn called Live Nation’s bot problem “unbelievable”.

Ticketmaster reportedly occupies more than 70 per cent market share of primary ticket services for major U.S. concert venues.

“You ought to be able to get some good advice from people and figure it out,” Ms Blackburn said.

Ticketmaster cancelled sales of Swift’s tour to the public because of the “high demand”.

The entertainment giant reportedly sold over 2 million tickets, which is enough to fill 900 stadiums.

Taylor Swift said the situation was difficult, and called for accountability for music promoters.

“It’s really difficult for me to trust an outside entity with these relationships and loyalties, and excruciating for me to just watch mistakes happen with no recourse.

“I’m not going to make excuses for anyone because we asked them, multiple times, if they could handle this kind of demand and we were assured they could,” she said.

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Amazon is taking on traditional pharmacies

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Amazon subscription service will give millions of Americans access to medications

 
How would you like to ditch going to the pharmacy?

Amazon has revealed a $5 monthly subscription plan for U.S. Prime members, allowing people to have generic drugs delivered right to their doors.

The program includes 50 medications which are used to treat 80 conditions.

Unfortunately individuals enrolled in Medicare or any other government healthcare programs will not be able to use the service.

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