Yeah, like Mr. Chelsea Clinton's fund? Here's some other success stories for you: http://www.investopedia.com/articles/mutualfund/05/hedgefundfailure.asp
Uber does a background check on its drivers.
It refuses to do an *effective* background check on its drivers.
“It refuses to do an *effective* background check on its drivers.”
Same could be said about its passengers. This weekend a drunk guy hit an Uber driver in the face with a flashlight several times, knocking him unconscious.
There have been some crimes committed by drivers AND by passengers. But not an excessively high number when compared to the millions of rides.
I don’t know if they restrict driving to citizens or, presumably, those with a legal right to work. I think that might play a bigger factor in screening potential criminals, imo.
By the way, in Houston, where I live, Uber drivers have to do an FBI fingerprint background check. This was forced on them by the liberal city council.
I think a better approach would be to provide optional vetting and allow consumers to select how strict they want the vetting to be. Match riders and drivers based on their preferences. Free market solution.
Any time we interact with people in public, there is a risk of crime.
With Uber, such criminals are VERY likely to be caught and brought to justice.
And, more significantly, no one is forcing anyone to use their service, say, like health insurance.
“Yeah, like Mr. Chelsea Clinton’s fund? Here’s some other success stories for you”
Private equity is not as strictly regulated as publicly traded companies or hedge funds.
If Uber ever goes public, it will have to follow more stringent measures.
(But even the regulated side of things has lots of fraud and politicization problems.)
It refuses to do an *effective* background check on its drivers.
Very true. Case in point. I thought about using a fairly new SUV I had to drive for Uber for a while to make some extra cash so I applied and they did a background check but the company they used did a crappy job which returned a fallacious criminal record on me. I went to the local Sheriffs office to find out what the problem was and the Sheriff I sat down with said they didn't use my middle initial to do the criminal background check or even my SS number so it returned some douchebag in FL with my same name and birth date with a mile long rap sheet.
Needless to say that experience changed my mind about working as a contractor for Uber. I sold the car and never looked back. There's simply no way I would consider working for Uber or Lyft using my own vehicle. There are simply too many downsides. Once wear, tear, and maintenance costs are figured into the equation it's not even worth it.
Still, if someone wanted to make a few extra bucks here and there on weekends and holidays, it might still be worth doing on a temporary basis. It looks like it's going to fail anyway so it's probably all a moot point.
Knowing it's owned by Progressives is just another good reason to not work for them.