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Anonymous
Uber is unsustainable. 2017-04-14 03:44:35 Post No. 1956402
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Uber is unsustainable. 2017-04-14 03:44:35 Post No. 1956402
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The question of Uber's failure is not if but when; the model of their business makes them assume a large amount of liability. Despite their growth, they've done nothing to counter the sheer legal liability they could run into. Even the best JDs in the country would be ill-equipped to remedy any of their flaws.
>Knowlingly hire poorly screened drivers WITHOUT commercial insurance.
This is extremely important because if an employee (or rather, independent contractor) gets in a car accident whilst on the job, and their insurance company is privy that they were using their vehicle and their insurance for a commercial purpose, they will take issue with the claim.
I could see either a driver/employee class action lawsuit or a class action lawsuit on behalf of victims of Uber drivers on the basis of gross negligence.
>early entry into automation
Again, this may give them some publicity but the moment there is a car accident in one of their self driving units (think the Tesla fiasco), especially if a customer is on board, they'll also appear as extremely negligent.
To rephrase this as simply as possible, the moment a class action suit happens against Uber, their company will be worthless.
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>>1956402
t. Butthurt jelly taxi driver
Gtfo boomer shit
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>>1956408
>uses legal terminology
>butt hurt taxi driver
I've never used or was employed by any sort of transit service, commercial or public. You either use Uber (and are a poor fag that can't afford his own vehicle) OR are a reddit "uber is the future" type faggot.
I analyze and make patterns. And I see a bubble that's about to burst.
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>>1956402
Uber also doesn't give a shit about the laws where they operate. They developed a tool specifically to evade the police FFS. Their negligence is insulting. Coupled with their quest to fuck over their drivers more and more as time goes on I eagerly await the day they get Hulk Hoganed
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>>1956431
>I've never used any sort of transit service
t. Basement dweller
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>>1956431
Remember that the market can stay irrational much longer than most investors can stay solvent.
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>>1956402
The company isn't even profitable is it?
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Lol pajeet, don't be mad boii, uber is going to continue fucking with you taxi niggers. Go back to India you fucking inbred piece of shit
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>>1956555
Another good point and nice digits. I have a feeling it'll happen sooner than we think.
>>1956559
Actually, more like:
>t. someone who has lived in the suburbs/rural areas for most of his life and commutes into the city.
Even when I was in college I drove to get places
>>1956574
This is very true. I take it you've studied behavioral finance?
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>>1956402
So it begins:
http://uberlawsuit.com/
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