The London Uber eviction - Counting the Cost

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As legal challenges grow, can Uber's business model survive in its present form?Technology giant Uber has changed how people all over the world hail a taxi. Uber's popularity has made it an indispensable car-ride service in cities all over the world.

The $68bn [≈ all real estate in Staten Island, NYC, 2010] company is planning an IPO next year. But in 2017, a series of scandals over its business practices and its treatment of workers has kept Uber in the headlines for all the wrong reasons. Additionally, it's being stripped of its licence to operate in London, one of the biggest markets for cabs in the world.

Carl Benedikt Frey from the Oxford Martin School in the UK offers his take on the impact of the virtual labour market.

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