https://tech.newstatesman.com/policy/uber-lyft-regulation

When Uber set out to disrupt the taxi business with a peer-to-peer ride-sharing model, it didn’t give a whole lot of thought to employee rights.

And neither did the scores of sharing economy dotcom start-ups that followed in its slipstream of rapid, runaway success. Uber is one of the highest-profile Silicon Valley “unicorns” to have gone public the year, although opinion on its expected valuation has been somewhat volatile. Last year, the expectation was that Uber’s valuation would be $120 billion, but now, two months after the company went public, its market cap stands at just $72bn.