Fair Share? The Sharing Economy Goes Global

A cab parks during a blockade by taxi drivers Paris, France, June 25, 2015 (AP photo by Bertrand Combaldieu).
A cab parks during a blockade by taxi drivers Paris, France, June 25, 2015 (AP photo by Bertrand Combaldieu).

June 2010, a start-up company in the Bay Area launched a new service to match riders with taxi cabs via a smartphone app. Today, just five years later, Uber operates in over 58 countries and 300 cities. Venture capitalists as well as investors such as Goldman Sachs, Google and the Chinese company Baidu have all poured in capital, with the company currently valued at $41 billion dollars. And even as it encounters violent protests in Paris and legal crackdowns elsewhere, Uber seems poised for still more growth. Some estimate that the company will generate revenues of $10 billion by the […]

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