Uber to pay Australian taxi operators $272 million in class action settlement
Uber to pay Australian taxi operators $272 million in class action settlement
The international rideshare giant has agreed to the payout to compensate Australian taxi and hire car drivers, operators and licence holders for losing income and licence values when it moved into the Australian market.
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What is this? They have to pay their competition?
Yeah uber are cunts but....what is this shit. I don't wanna go all 'free market' but...how the fuck do you owe someone money because your service did better then theirs.
Regulatory capture, the taxi's had lobbied for a permit system, where only a set number of licenses were handed out for taxi vehicles. Uber came into the market and side-stepped the whole thing by saying 'lol we're not technically a taxi so we can have as many vehicles as we want'. This is payment for lost profits/damages from the taxi companies little legal scam falling out from under them.
It's entirely bullshit, but that's the reasoning for it all.
NOW IM EVEN MORE ANNOYED
As you should be:-). It is possible for both sides of a conflict to be in the wrong:-P.
Bear in mind their service was only "better" because they ran it at a massive loss for years upon years, with the sole intention of killing the competition, then jacked their prices up to nearly the same, but with no job security for their drivers
This happens in almost every industry and should absolutely definitely be regulated, it's just the taxis are a bad example because they were cunts to start with lol
Uber are greedy billionaire fuckers and need to be put down a peg, make no mistake
Bc corruption, one presumes, getting the government to get involved with people's rights to choose. Yeah it's weird for me too:-P.
Total deregulation=anarchy, but not all regulations are good either. This is the kind of stuff that made people choose capitalism in the first place, to try to get away from it (not that it worked, obviously).
yeah I honestly feel dirty as fuck with my....capitalistic...feelings towards this but this is just weird.
This is like when Desantis had me siding with fucking Disney in a battle against the government lol. I feel dirty.
I mean part of why they did better was by using the ride sharing aspect to side step the laws that regulate regular taxis. Sort of like how AirBnB sidestepped rental and subdivision laws using the home sharing aspect... Actually the main competative advantage of all of these recent side hustle businesses is just crime.