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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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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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