Providing market intelligence for more than 35 years

VentureBeat

In this week’s war on Uber, Seoul government seeks ban

But Seoul is not alone in opposing Uber. Brussels and Berlin, for instance, have banned the service, and there have been anti-Uber demonstrations by taxi unions in New York City and Washington, DC, as well as cities in China and Europe.

“This temporary setback in Asia and Europe is not new to Uber as it faced similar situations before in the U.S. cities,” Parks Associates analyst Harry Wang told us. “These bans and disputes may be just temporary in nature and a bargaining chip to have Uber sit down in order to find a long-term solution.”

From the article, "In this week’s war on Uber, Seoul government seeks ban" by Barry Levine.

Previously In The News

Social games could grow five-fold to $5B market by 2015

Social gaming revenues hit $1 billion in 2010 and could grow five-fold to $5 billion in the next five years. Market research firm Parks Associates said that the revenue growth will come from increa...

Western Digital launches revamped WD TV media player for TV"

Last year’s device was pretty slow. But WD says this one is more responsive. These types of devices, such as Seagate’s recently launch Home Theater, cater to consumers who are storing more and more...