A few weeks ago, Melbourne taxi drivers launched a class action lawsuit for $500 million against Uber, claiming that it was operating illegally in its early days from 2014, and had caused significant losses to the established taxi industry.
This is a copycat lawsuit, with these taxi drivers jumping on the Uber-bashing bandwagon, following a similar £500 million lawsuit from London taxi drivers and a C$400 million lawsuit from taxi drivers in Toronto.
I was recently interviewed on this topic – and the broader question of other industries at risk of disruption – by Brooke Corte of Sky Business News on the “Your Money” program. Watch the interview here (available to Australian viewers only):
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