Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Uber Lawsuit

Market Insanity

Uber Looses Lawsuit and Norway Battle may lose Tens of Millions in UK

Uber has suffered significant legal setbacks in three different countries. It looks as if the ridesharing app provider is now

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Market Insanity

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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Market Insanity

Uber in All-Out War for Survival

Uber has created a new app designed to put pressure on the president of Florida’s State Senate, Andy Gardiner (R-Orlando). Gardiner has apparently been blocking a vote on a bill that would prevent local governments from requiring background checks and insurance for Uber drivers.

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Market Insanity

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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Market Insanity

Judge Rules that Uber Drivers could sue for Employee Status

It looks as if Uber’s future is in the hands of the courts. That makes it even less of a cutting edge solution and more of a scam than we thought.

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Long Ideas

Uber Now Leasing Cars

This program could be a major profit center for Uber; in particular, it could generate a lot of float and provide Uber with a steady source of income, which it might need. Another reason for the program is to limit Uber’s liability and help it avoid insurance costs.

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Market Insanity

Uber and Lyft Drivers Accused of Abusing Disabled Passengers

An Austin, Texas, resident named Demetrious Kourniaris was left standing out in the sun in temperatures of over 100 degrees because Uber drivers refused to transport him and his guide dog on two separate occasions. To add insult to injury, Uber charged Kourniaris cancellation fees on both occasions.

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