2020-01-22 06:24:501970-01-01 00:00:00

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Uber’s Graceful Fall

Mr Muhammad Rahim spent several nights to convince his wife into allowing their..

Uber's Graceful Fall      Mr Muhammad Rahim spent several nights to convince his wife into allowing their daughter to ride with Uber. However, fears grew as soon as he read the company’s safety report, which explicitly revealed thousands who were involved in sexual assaults in the last year. He decided that it was only right to not compromise on his daughter’s safety, regardless of what the statistics showed. In a newly released report by the ride-sharing giant, the 84-page report detailed astonishing results that constitute to close to 6000 sexual assault cases – 235 incidents of rape, 280 reports of attempted rape and close to 1600 incidents of groping in 2018. Like other riders such as Mr Rahim who question the extent to which their safety was at risk, it must also be noted that 45 per cent of the time, riders were the one at fault. The announcement sent Uber’s shares falling by close to 3% to $27.81, with an estimated loss of $1 billion from its current market capitalisation. This further emphasises that it is indeed a tough time for the company. Earlier this year, the company went public, but its stock has not been performing with the company reporting a loss of more than $5 million in August 2019. More recently in October, Uber has fired more than 300 employees in w

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