Ant Financial; not Uber, is the World’s Most Valuable Unicorn

Ant Financial is potentially the world’s most valuable Unicorn and the next big IPO. Uber on the other hand end up as just a foot note in the history books or worse a bad joke. The future of Fintech and fantastic amounts of profit might just belong to Ant Financial and China.

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Uber Drivers Unionize in New York

One recent development could change everything about ride-hailing; Uber drivers in New York City have unionized. Uber drivers in the Big Apple can now join something called the Independent Drivers Guild; or IDG, which will act as a mediator between the company and drivers, RE/Code reported.

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Uber Could Owe You Money

Do not expect to get a lot of money back though. The Post estimated that the average Uber customer will receive 82 cents. The money will be refunded to credit cards or Uber accounts.

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Google Could Revolutionize Auto Insurance

Entering auto insurance would make a lot of sense for Uber because insurance has been one of the barriers blocking drivers from adopting its service. Some communities, like Kansas City, Missouri, have even banned Uber because of inadequate insurance. Offering insurance could remove that barrier and defuse one of the taxi cab industry’s main objection to Uber.

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Uber Drivers in Good Hands with Allstate

Auto insurance could be a gateway for selling other products, such as disability insurance, bonding, life insurance and health insurance, to networked transportation drivers and others in the gig economy. The potential profits to be made could be enormous; a survey that Edelman Berland conducted for the Freelancers Union found that 53 million Americans, or 34% of the population, are involved in some sort of freelance work.

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