Colombia fines Uber more than $629k for obstructing regulatory visit

Re:Colombia fines Uber more than $629k for obstructing regul... by deuslovult on Monday August 12, 2019 @02:58PM (#20678666)

So, Colombia fines Uber <nothing>.

[ Parent | on HN ]

Re:Colombia fines Uber more than $629k for obstructing regul... by salawat on Monday August 12, 2019 @03:42PM (#20679152)

Keep in mind that Colombia can reapply the fine with arbitrary periodicity for continued non-compliance.

As a one time fine it isn't much, but it isn't chump change either, and it will make the company increasingly unattractive to investors/contractors/employees.

This is where economies of scale can start to bite you in the arse. Yeah, the world is your oyster. But when you have the entire world treating you as a target, things can pile up real fast.

[ Parent | on HN ]

Re:Colombia fines Uber more than $629k for obstructing regul... by Ensorceled on Monday August 12, 2019 @03:06PM (#20678766)

Exactly. Uber lost $5.24bn last quarter. With this new fine that loss would have been ... $5.24bn because I'm sure that's rounded anyway.

[ Parent | on HN ]

Re:Colombia fines Uber more than $629k for obstructing regul... by b_tterc_p on Monday August 12, 2019 @03:26PM (#20678957)

More like $1B, of which a small portion is likely to have originated from Colombia (not that % of net less makes much sense).

No this isn’t going to hurt Uber but it’s not like there’s a lot of rook to go higher.

[ Parent | on HN ]

Re:Colombia fines Uber more than $629k for obstructing regul... by doersino on Monday August 12, 2019 @03:19PM (#20678883)

Yup. Around 15 minutes' worth of losses.

[ Parent | on HN ]

Re:Colombia fines Uber more than $629k for obstructing regul... by teknopaul on Monday August 12, 2019 @03:24PM (#20678942)

Bet they wont pay it tho.

[ Parent | on HN ]

Re:Colombia fines Uber more than $629k for obstructing regul... by leongrado on Monday August 12, 2019 @04:47PM (#20679818)

About the salary of one Uber dev.

[ Parent | on HN ]