Uber co-founder and former CEO Travis Kalanick used to tell investors he liked t...
SAN FRANCISCO/ CAPE TOWN - Uber co-founder and former CEO Travis Kalanick used to tell investors he liked to keep his company teetering between order and chaos.
With growth slowing, the company continues to spar with local officials around the world looking to limit Uber cars on their streets. But Uber’s sharp-elbowed business tactics, detailed by lawmakers, city staff and regulators across the globe, as well as drivers and former employees, continue to drive the company.Whether its playbook delivers the growth and profitability public market investors will be seeking remains to be seen. Revenue growth slowed to 2.3% in the fourth quarter over the previous quarter, a worrisome sign for a business that lost more than $3 billion last year.
In Chile, which has yet to work out a regulatory framework for ridesharing, Uber drivers have been known to enlist passengers to help them evade transit cops. In Mexico City, Uber has protested new safety rules it says would limit the number of riders who could use the app. In London, Uber is on probation after it was temporarily banned for flouting safety rules.Every ride-hailing service in Cape Town is allotted a certain number of operating licenses for its drivers.
Those impound fines start at almost $500 and go up with each subsequent offense, topping out at more than $1,000. Drivers are fined an additional $173 each time. “In other parts of the world, if there are too many taxis some just stop being taxis,” Smith said. “Here, disputes between taxis are settled via assassination and murder.”
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