PBD Podcast Uber and Lyft vs. California | PBD Podcast | EP 4
Aug 14, 2020
In a lively discussion, Joshua Feuerstein, a frequent commentator, and Adam Sosnick, a business analyst, tackle the potential exit of Uber and Lyft from California amid regulatory challenges. They delve into the epic battle between Fortnite and Apple over app store fees, examining its broader implications. The conversation touches on the historic peace deal between Israel and the UAE, while also critiquing America’s parenting landscape compared to other countries. They cap it off with a sharp look at the different ratings between NBA games and cable news shows, sparking a debate on audience preferences.
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Uber and Lyft's Potential Exit from California
- Uber and Lyft might leave California due to a mandate requiring them to reclassify their drivers as W-2 employees.
- This could significantly impact customers and the companies' revenues, especially given Uber's 67% revenue loss during the coronavirus pandemic.
Understanding Business Limitations
- Politicians should avoid assuming they know what's best for individuals, as seen with California mandating W-2 status for Uber and Lyft drivers.
- Hurting companies ultimately hurts everyone, as businesses operate on limited resources that impact employees and customers.
Regulation Stifles Innovation
- Government regulation can stifle innovation, as demonstrated by the taxi industry's resistance to Uber and Lyft.
- Overregulation kills innovation, hindering the progress and adaptability of businesses like Uber and Lyft.
