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Taxi Owners Sue NYC Over Uber, While Court Overrules Class-Action Appeal (thestack.com)
An anonymous reader writes: Taxi owners in New York have filed a lawsuit against cab-hailing app giant Uber, citing damaged revenues and a hefty fall in value of NYC's 'medallion' business. The case against the city and its Taxi and Limousine Commission claims that the regulators have unfairly permitted Uber to steal away business from the regulated cab industry. Getting away without regulation has enabled Uber drivers to compete directly, and drown out official taxi companies. A further lawsuit case hovering over Uber this week, is its request to immediately appeal an order approving class certification filed by its own drivers. The appeal was denied by a U.S. court yesterday.
Look what Amazon has done to local retail in America - decimated it!
Dude, that was, in order:
(1) strip malls put individual storefronts out of business, and raised rents when they were gone
(2) shopping malls put many strip malls and individual storefronts out of business, and raised rents when they were gone
(3) Walmart put many "anchor stores" in shopping malls out of business, which then killed individual mall stores dependent on foot traffic, and killed many strip malls with limited varied compared to Walmart, and remaining storefronts, all by buying in bulk, undercutting prices (even if good had to be sold at a loss to do so), and then raising prices once the others were gone
It's all about driving down aggregate costs (which is one reason many places in California have ordinances on maximum store size: to keep Walmart out, or at least from realizing a high enough economy of scale to drive smaller stores out of business, because they are more or less the same size
Amazon was pretty much uninvolved with any of that.