If the events of the last several months are any indication, Uber’s future is not as certain as public sentiment might have suggested a year ago. But even though the company has taken hits on a number of fronts, Uber and other transportation network companies (TNCs) will continue to have the upper hand in the ride-for-hire market unless a number of restrictions on taxis are eliminated. 2017 has been a year of endless public relations nightmares for Uber. Beyond scandals and hits to the firm’s image, trouble has also been brewing on the financial front. The ride-hailing company has been hemorrhaging money in its battle with competitors to be consumers’ top TNC option. In 2016 the transportation giant incurred annual […]
About Holly Raiborn
Holly is a Pioneer Institute summer intern and a rising senior attending Wellesley College. She is majoring in Sociology and Economics and hopes to attend law school in 2019.