Uber Thrown out of London

News stories did not say how Uber’s new CEO Dara Khosrowshahi will react to the situation. Although he certainly has his work cut out for him, a major job for Khosrowshahi will be to figure out a way to get rid of former Uber CEO Travis Kalanick and his sleazy associates.

Uber survived failure in China, but the debacle in the UK might be too much. One thing is clear, Uber will no longer be the world’s most valuable unicorn.

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Who would Buy Uber??

A leaderless Uber with its value destroyed will be a natural acquisition target.

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Google Self-Driving Car Project might be worth $70 Billion

“If we assume that Waymo can grow to 1% of global miles driven by 2030 (based on a fleet of three million cars each driving 65,000 miles a year) and that Waymo can generate on average ~$1.25 in revenue per mile driven, it implies a $70 billion Waymo enterprise value,” Nowak wrote. “More miles/year and revenue/mile could lead to an enterprise value of $140 billion.”

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Uber Driver accused of Driving without a License

Uber’s fare structure deliberately shortchanges drivers a lawsuit filed in US District Court by driver Sophano Van alleges.

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Former Uber CFO Admitted the Only Way the Company Can Make Money Is to Gouge Drivers

Instead of being the cutting edge in transportation, Uber might go down in the history books as the Enron of the 2010s. Remember, Enron, like Uber, was supposed to be run by The Smartest Guys in the Room.

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Uber Banned Again

We need to ask ourselves what sort of future companies like Uber have. If they cannot comply with a few basic regulations and make money, then their business model is not viable. Perhaps it is time we scrapped this ridesharing concept or took it back to the drawing board.

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GM’s Chevy Bolt the First Car Built for Ride Sharing

That means GM will have to get the base price of an electric vehicle down to around $25,000 to be competitive in the ridesharing market. If it did that, General Motors could become the market leader based on fuel economy alone.

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