Being a CEO of a company is certainly a cushy title, but there is quite the amount of responsibility that comes along with such a position, of course. Uber’s CEO will now need to face claims that he has worked alongside drivers when it comes to price fixing, as ruled by a US judge.
Uber CEO Travis Kalanick did not manage to have a class-action lawsuit dismissed against him concerning price fixing claims, and the price fixing claims point to an algorithm which will take into consideration higher rates during peak hours with what is known as surge pricing. District court judge Jed Rakoff ruled the plaintiffs “plausibly alleged a conspiracy” where price fixing is concerned, and for the class action to pursue claims that such a “surge pricing feature” would have also played a role in the demise of other services in a similar vein.
It must seem as though being in Uber’s legal team would mean having to face down with upset cab drivers as well as judges all over the world, and we do hope that there will be an amicable solution for everyone at the end of the day as Uber has certainly helped make the vehicle-for-hire market more efficient, filling up a niche between a private driver and a hailing a taxi.