Posted by & filed under Canadian governments, Contemporary Business Issues, eCommerce.

Description:  Have you ever hitched a ride using Uber? The operations of this  ride sharing service are proving disruptive to traditional taxi operations in major cities in over 50 countries. Now, Uber has raised an additional $1.2 billion in capital to fuel foreign expansion. This latest round of investment values Uber at over $40 billion.

Date:  December 4, 2014

Link: http://www.theglobeandmail.com/report-on-business/international-business/us-business/ubers-latest-funding-round-values-ridesharing-company-at-40-billion/article21954852/

Discussion Points:

1) Uber now ranks at the top in valuation for closely held tech companies. Do you think this over $40 billion valuation is warranted?

2) What strategy would you employ if you were an executive in a traditional cab company now facing a challenge from Uber?

3) How should local governments respond to pressures from traditional cab companies to regulate Uber service providers?

 

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