Just like they eventually fell into compliance with certain cities, right? Where do you draw the line? Uber has a record of flagrantly, openly, defiantly breaking US laws - this fine came after they were stonewalling CPUC. If I were an institutional investor, at this point and looking towards the future, I would be furious for risking future business viability by continuing to openly flaunt your unwillingness to follow regulations. I would also probably sell my stake. There are plenty of other companies with room to grow that aren't running US Federal (and state!) government risk.
Let's think of the other companies that tried fucking with CPUC and evaluating their ethics as well. We can start with Enron. Travis is a smart guy but probably not as smart as those guys and even they got fucked. Even with their attachment to the hip to the federal government. Even with their company that was effectively many times bigger and more influential than a ride sharing app.
Let's think of the other companies that tried fucking with CPUC and evaluating their ethics as well. We can start with Enron. Travis is a smart guy but probably not as smart as those guys and even they got fucked. Even with their attachment to the hip to the federal government. Even with their company that was effectively many times bigger and more influential than a ride sharing app.