Uber is a taxi service, say European Courts

Today European courts ruled that Uber is a taxi service and should be treated as one by regulators. Individual countries and cities have their own laws. We wonder whether this will help or hurt Europe’s innovation economy. The Union wants to stall U.S. enterprises to give European counterparts a chance. At the national level, governments see the tax opportunity. Local regulators want to keep their constituents happy. All in the name of progress. We see a future where  certain countries become more automated than others.