Uber and Grab no more? LTFRB needs brains

[uls]

PH is not the first country Uber operated on. Knowing their history and tactics, I'm sure they have studied and strategized already with breaking laws and paying up fines even as high as what they did pay to LTFRB recently.

They are industry disruptors. And I think they know what they are doing.

I'm not for or against the strategy of Uber. But as a business case, I am sure the 190M fine they shelled out is just part of their operating expenses. Mani lang sa kanila yun.

Sent from my ONEPLUS A3000 using Tapatalk

no need to lecture me on uber's business model

as if i don't know what uber's business model is

Uber has been called "innovative" and "disruptive" but they're nothing but a taxi business

rule breaking is part of their business model

they go into cities all over the world, recruit as many cars and drivers as quickly as they can, and sell rides to the public without permission from local regulators

they deal with regulators after regulators catch up to what uber is doing

yan ang business model ng uber

Uber doesn't ask for permission

Uber asks for forgiveness

--

they can afford that 190M fine coz they have 6-7 billions of dollars cash on hand right now

most of that money is investor money

uber is not profitable yet

they're burning cash to stay in business

it just so happens they have lots of investors willing to hand them money

those investors are looking forward to uber's IPO