Uber Suspends Australian Transport Inspector Accounts To Block Stings
jaa101 writes In Australia Uber is reportedly suspending the accounts used by government transport inspectors conducting sting operations. The article suggests that a new handset, credit card and email account are all needed to get a new, unblocked account. If inspectors can only issue one or two fines before they're blocked then the sting operations will cost more than the fines. Presumably the Uber app can block based on IMEI, SIM and/or phone number.
Because that's how you get legislation.
The year before it imploded in dramatic fashion, Enron was worth, according to its Market Capitalisation, $60Billion - when infact it was worth nothing like that.
Uber's "worth" of $40Billion comes from investor interest, nothing more. There's no huge bank of assets in there that underpins that valuation, its how much money it could potentially earn in the markets it exists in.