Uber, the ride service, operated for 5 years in cities throughout the United States and Europe with no licensing, with no employees (using only independent contractors), and no federal regulation. Why was Uber able to do so?

Question

Quizplus · Accepted Answer

Uber was able to operate without regulation for 5 years because it was in the latency stage of regulation. During this stage, the government has not yet intervened to regulate a new industry or activity. As a result, Uber operated in a regulatory vacuum until cities and states began to implement their own regulations.

Uber, the Ride Service, Operated for 5 Years in Cities