Uber Fined $7.6 Million By California Regulators Over Data Gaps
When is a $7.6 million fine a slap on the wrist? When you are valued at $62 billion. That is the case with Uber, and the latest chapter in its ongoing battle with the state of California. The ride sharing giant recently agreed to pay a $7.6 million fine to California, while at the same time admitting no wrongdoing. According to the Los Angeles Times, the fine is part of a 2015 case where the company’s CA division did not share certain data with the California Public Utilities Commission (CPUC). The data included things like why a driver would accept or decline a driver, and vehicle accessibility. These all go towards the notion of a company operating with transparency. RELATED: 6 Automotive Trends to Expect in 2016
A representative from Uber told the Los Angeles Times, “While we are disappointed by the decision, we look forward to making our case to the California Court of Appeals.” The statement continued, “In the meantime, we will pay the fine and continue to work in good faith with the Commission.”
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California has been a thorn in the side for certain avenues of tech and automotive growth, despite the fact it is the home of Silicon Valley. California regulators are looking at laws that would slow the development of Google's self-driving cars. And depending on how you look at it, CARB's rejection of VW's diesel solution is either them sticking by their guns, or postponing satisfaction for the state's VW diesel owners.
For you and me, $7.6 million is a lot of money, but when you are valued at $62 billion, such a fine is worth it to keep operating in a state as large and profitable for Uber as California.
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