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00:00:00
fast and loose that's been the ammo for uber's expansion into cities around the globe and it's run afoul of regulators numerous times with the world's biggest ride hailing out about to go public it's still playing a game of cat and mouse with authorities in Chile uber operates illegally the company offers passengers instructions on how to evade traffic cops in Cape Town South Africa it's thrived off of a network of illegal drivers whose cars are regularly impounded for lacking the proper licenses and in Argentina where some credit card companies aren't allowed to process super transactions many writers are paying in cash that not only puts drivers in danger of being robbed it makes it almost impossible for uber to collect its commission co founder and former C. E. O. Travis Kalanick was behind the approach that flouted local laws but two years after his departure after a slew of scandals that rocked the company who were in many ways is still following the same map Reuters reporter heather Somerville explains why what ever wants to do is build up enough scale in the cities where it operates so that it can get closer to profitability and improve its growth which has been slowing but to get to a certain size in many cities it has to work around the law New York City now limits the number of writing really drivers to alleviate traffic and other cities are also crafting new policies concerned about air quality in passenger and driver safety over is fighting back it is doing that by pressuring lawmakers in Mexico City it recently teamed up with Chinese company DD to push back on new rules that really limited what right healing can do out of concern for safety for passengers and drivers also using the courts %HESITATION it is %HESITATION suing New York City over a cap and tended to limit the number of Cooper drivers in that city it is taking San Francisco is home to , how to court or that city's demand for more data on the other hand Wall Street will lose patience with uber if there's no clear progress on growth and profitability the company lost four billion dollars in twenty seventeen and three point three billion dollars last year and that's why uber is utilizing its old playbook with regulators