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Traveling used to be an escape, a way for people to get a change of scenery from their normal lives. There is nothing at all wrong with working towards a holiday, but the rise of the internet and the global connection that has come with it, has meant that more and more people are gravitating towards a relatively new concept called digital nomadism. The appeal is easy to understand: instead of having to seesaw between working chaotically and taking a much-needed break to see a new part of the world, individuals are now combining the two aspects of life and becoming digital nomads.
Essentially, a digital nomad is an individual that travels the world while simultaneously working, forging a career for themselves while at the same time getting to explore the ends of the earth. This unique life balance is quickly becoming a phenomenon. It used to be that individuals were forced to choose between forging a thriving career and traveling the world, but the rise of the digital workplace has brought with it an increase in interest in working remotely. There are a lot of moving pieces to consider, such as organizing travel to your “office” (see coffee shops, shopping centers, and libraries), or getting the right visa for your destination country. There are three sage pieces of advice for all those who are considering kick-starting a career as a digital nomad.
Figure out a career move – even if only a few steps
Becoming a digital nomad is easier than ever before, but that also means that it is quickly becoming more competitive as the allure around the concept takes flight and reels more people in. It (literally) pays to figure out your big career move – even if it is only the first few steps – before moving, or as soon into the experience as you can. The reason for this is simple: having active goals and a plan in motion makes it easier to know where to go and which paths to take to get there.
Think about the lifestyle you want to achieve
There are many destinations that offer up both exciting natural wonder and the chance to work remotely. From remote Southeast Asia to the bustling cities of Europe, there is something to be seen and done practically anywhere in the world. Where in the world you choose to set yourself up to begin your career as a digital nomad depends entirely on the kind of lifestyle you want to achieve. Remote working is changing many different aspects of life. With the opportunity to be anywhere and live a sustainable life means working nomads naturally meet new and interesting people, it’s how fiance visa couples meet. Along with the rising trend of remote working opportunities, we’re seeing a change in demand on migration-related statutes and services such as migration visas of all types, worldwide insurance cover, shipping and transport services. It is a circular economy, as more people work remotely the more they rely on such services, and as more services cater to the rising demand more people are enticed by remote working.
Remote working, however, can take any form. For example, if you want to live the high life, then Europe is probably more your style. However, if you would like to explore the hidden gems of Asia, then Vietnam or Laos is a better fit – at least to begin with. The beauty of remote work is that the world really is your oyster, and as long as you have enough income to move from place to place (and be comfortable), you can go anywhere, any time.
Be prepared for anything
Traveling is always an adventure – the whole point of seeing the world is to experience it in all its wonder and grace. But something that a lot of people have a tendency not to place much importance on, is how unpredictable long-term travel can be (particularly if you plan to work and travel simultaneously). Organize the right travel visa (if applicable) because there is nothing more off-putting than realizing you aren’t supposed to be there. Additionally, get travel insurance, make copies of all travel documents as back-ups, and then enjoy the ride! Welcome to the wild side.
Every year, technology advances and shifts, always propelling the world forward at higher and faster rates. There is not an industry or facet of modern life around these days that has not been affected by technological development and advancement in some way or another. Websites on the internet go through the process of undertaking a hosting uptime and speed test, mapping and designing their web space, and then maintaining and evolving to become a million times what the concept it was derived from. We now carry tiny computers in our hands that can do anything from sending photos to millions of viewers, to sending messages to the other side of the world in milliseconds.
The very cars we drive around in – and all modes of transport, for that matter – are in the process of going electric. And all of this is driving down costs, creating competitive offerings and disrupting slow to change industries. For example, at the cross-section of car electrification, better privacy and security technology and more automated software is the auto insurance industry. Though things have not changed in a while, we are now seeing a massive shift towards extremely competitive auto insurance prices that could not have been availed before these key tech ingredients came together.
Everywhere you look, technology is present. Each year, certain types of technology break into the market, becoming full-blown crazes that either sink or swim over time. This year, we saw the rise in popularity of the virtual home assistant (think Amazon’s Alexa or Google Home), VR gaming, and further developments and initial testing of electronic vehicles in motion. In 2019, there are three technological advancements that are sure to send waves of excitement and innovation barrelling through the planet.
3D metal printing
The whole world is changing, and the industries that have yet to adapt wholly are bracing for impact. For industries that rely on large-scale warehouse productions to make quality products for the many people, the evolution and implementation of 3D metal printing is going to be the big game-changer. The concept of 3D printing is not necessarily new, but 3D metal printing is (at least, it is to the public). Using a 3D printer, small and medium-sized businesses will be able to produce their products with astounding clarity and excellent quality, eliminating the necessity of hiring out a warehouse and employing tens, even hundreds, of employees to create their products. The most important result of this is that it will cut costs dramatically, meaning that 3D metal printers are likely to be a hot commodity.
Blockchain-based identity and privacy
With the significantly speedy growth of the internet came the inevitable increase in data breaches and digital risks. While it is widely agreed that this result was inevitable, it is a testament to the fact that new ways to identify and protect identity and privacy must be discovered and worked towards. Blockchain-based identity and privacy is arguably the strongest candidate for the role. At its very core, blockchain is designed to provide users with fast, efficient, and incorruptible records that are encrypted, making it easy for them to be verified while remaining safe and secure online. Blockchain-based identity and privacy could well be technology’s answer to the modern identity crisis that has resulted from increased reliance on the technology of the internet.
Artificial Intelligence advancement
AI is a concept that has, until the last few years, largely been nothing more than the stuff of entertainment blockbusters, a concept designed to intrigue people about a future in which humanity forges machine to enhance their reach on the planet. Now, AI is anything but a fictional fundamentality. While we are already seeing the initial beginnings of AI implementation across the board (think chatbots and virtual assistants), 2019 will see the further development and subsequent advancement of the technology, with AI being introduced into the home, the workplace, and general life in more inclusive ways, including (but not limited to) wholly connected smart homes.
Running a successful business is all about having an idea in mind that can change or otherwise benefit the world in some way, and having the willingness and ability to bring that idea to vibrant life. It goes without saying that being a business owner is not the right path for everyone, but for those who do find this path to be desirable and enjoyable, there is something important to be said about the sheer determination and passion that goes into keeping any business afloat. The most successful businesses around the globe are the very same businesses that are run by individuals and chosen teams that love what they do.
This is especially true now, where the introduction of the online marketplace and the like has significantly diluted the business landscape. Competitiveness runs at an all-time high in the landscape of business, and it likely (if not certainly) always will now. So, it is more important than ever to have the right approach to one’s business. Having the right business strategies in place to get the job done makes a world of difference in all the most positive ways. This is perhaps the only constant in business.
Actively pursuing excellence and evolution
No thriving business got that way (and stayed that way, for that matter) without grinding hard for the success they have. The fact is that the rewards that come with having a business that is consistently blooming and successful comes hand in hand with a lot of ongoing hard work in the fierce pursuit of excellence and evolution. Anything less is simply not good enough. More than ever, those facts ring loud and clear. This is the way that the world is moving, and for businesses today, the hard work is more instrumental than it has ever been.
Knowing your business plan
The very nature of business demands that anyone who is attempting to take a business from strength to strength knows their plan for that business. This is paramount. There are always going to be ups and downs and the unexpected twists and turns, but ultimately, a plan is essential to have at the very least a somewhat solid approach to the business that can be carried out over the course of time as it goes on. Without even the faintest hint of a business plan, even the strongest and most endurable business can and likely will fall flat.
Understanding the value of continuous growth
Whether it is incorporating consistent training modules or course offerings, or taking engagement surveys at set periods throughout the year, there is an immense value in continuous growth that should not be underestimated. Continuous willingness and ability to keep evolving and growing is key to a business’ longevity and success, if for no other reason than the fact that the world is constantly shifting and changing. So, businesses must be able to embody the same ever-evolving core. Anything less (or anything else, for that matter) is quite simply not good enough.
It is no secret that the nature of the international landscape of business is one that is nearly constantly evolving and shifting. Anyone who has ever been involved in the landscape of business knows and can tell you that it is not for the faint hearted. This really should come as no surprise, given the fact that owning, operating, and growing a business is a full-time job – and then some. The fact is that no business makes it off the ground and finds ongoing longevity and success if the business owner is not willing to go above and beyond, 24/7, to make it happen. More than ever, there is a distinct realisation that business is a playing field that demands constant attention to detail.
Additionally, the business landscape is more competitive than ever. Thanks largely to the rise of the internet and all the trimmings that came along with it, the business landscape has become more fiercely competitive than it has ever been. With the introduction of websites and then apps that instantly give businesses an international scope of exposure and possible consumer interest, this is no surprise at all. So, now that the landscape is more competitive than ever, how does an entrepreneur ensure that their company can rise up and rise above the competition (not to mention how they ensure that their business stays at the top).
The art of entrepreneurship
More than ever, being an entrepreneur is all about committing much of your daily life to nurturing your baby (i.e. your business). There is no such thing as days off, and you can forget about being able to clock off at a specific time (at least in the beginning). Being a successful entrepreneur requires blood, sweat, and tears (not to mention years, if you want your business to be long-lived and prosperous). If you are not willing to give all that and more, then you are setting yourself up for failure before you have even begun.
The key to successful business
Successful business is all about careful planning and having the right team in the right place at the right time. If your business is in technology, then you must be able to stay ahead of the competitors (and there are a lot of them) as well as keep your business functioning, thriving, and growing. If you own a real estate company, then you must be able to pay your agents their real estate agent fees and keep the entire company running from the inside out. No matter what your business is, the key to successful business lies in the work you put into it.
The future of the business landscape
At this point in time, it is near impossible to acutely determine what is next for the business landscape, but at the end of the day, the one constant will always be that business is an ever-evolving landscape. While we might not be able to know what is next without any reservations, we can be sure that the future of the business landscape is only going to continue to grow bolder and stronger all the time – thanks largely to the digital era.
Sea ice in the Artic has been observed melting faster than it re-freezes in winter. The National Oceanic and Atmospheric Administration has found out that the average annual air temperature in the Artic is 1.9C above the long-term average that was recorded between 1981 and 2010. This warmer condition has caused a delay in the formation of ice in winter and triggered the earlier melting of sea ice in summer. In the United States, 2019 was recorded to be the second-hottest year ever. Recently, the bushfire crisis in Australia has destroyed more than 10 million hectares of bush, forest and parks, slaughtering approximately half a billion animals. Acknowledging these devastating events, many experts have been pointing the finger at global warming, arguing that the rising global average temperature has been a cause of many of these unprecedented natural calamities. According to The World Meteorological Organization, people are expected to experience much extreme weather over the span of 2020 and the coming decades in response to record levels of greenhouse gases (GHG) trapped in the atmosphere. However, many industries have started adopting environmentally-friendly practices, with the residential construction sector materializing an extraordinary idea in relation to home.
1. Global warming and greenhouse gases
In the atmosphere, heat-trapping gases are known as greenhouse gases. It was recorded that carbon dioxide (CO2), followed by methane, nitrous oxide and fluorinated gases, accounted for 82% of the total emissions in 2017. CO2 remains in the atmosphere longer than the other types of gases. When a pulse of CO2 is emitted, around 40% of the emission will reside in the atmosphere for 100 years, 20% will remain for approximately 1000 years and 10% will require more or less 10,000 years to turn over. Molecules of CO2 are capable of absorbing energy from infrared radiation and re-emits it some time later. Upon absorbing an incoming infrared photon, a molecule of CO2 vibrates due to the energy transferred from the photon. The molecule, subsequently, gives up the extra energy by emitting another infrared photon, ceasing its vibrating motion. In the real-world process, CO2 molecules will bump into other gas molecules prior to re-emitting the infrared photons, transferring the energy they have gained to the other gas molecules, triggering their motion. Theoretically, the temperature of a gas is related to the speed of the molecules within the gas, with an increase in the motion of the molecules resulting in a rise in the temperature of the gas.
2. Home’s electricity use is related to GHG emissions
In 2016, the U.S. domestic sector generated around 19% of the total national greenhouse gas emissions, 69% of which was the result of electricity use. In addition, 32% of the GHG emissions due to electricity use was related to home heating through direct fossil fuel combustion. Considering these staggering figures, it becomes evident that making homes energy efficient will result in a significant GHG emission reduction.
3. Adoption of passive solar home design to reduce GHG emissions
Through its external envelope, a passive solar home is capable of collecting, storing, reflecting and distributing solar energy in the form of heat in winter and refusing solar heat in summer. Being like a thermos but with good ventilation, a passive solar home needs to be air-tight, have continuous and proper insulation, triple-panel windows and a good air quality control system. The design has to eliminate a phenomenon known as thermal bridging, which occurs when a material, having a higher temperature, transfers its thermal energy, to an adjacent material, having a lower temperature. By sealing off the interior of its space thermally, the internal temperature of a home, by default, is more stable. Objectively, the design of a passive solar home requires the consideration of, during the design stage, the building location and orientation, building layout, window design, insultation, thermal mass, ventilation system and shading. Ultimately, both the design and construction have to be undertaken by qualified designers and contractors, such as framing and roofing contractors.
Experts have stated that this natural phenomenon will continue to cause havoc globally until the intensity is diminished. However, successfully solving global warming, which has been in existence for a long period of time, requires all people to take actions to reduce their GHG emissions. Just by building a passive home as opposed to a conventional one, it is possible to reduce these emissions by a great amount.
There are multiple ways of using the internet to generate some income. One could start up a blog and monetize it, become a Youtuber, create online classes or the most common: start an online business. Having an online business is a great way to test the waters without the high risk of opening a shop front. There are a few ways to approach this but one of the most popular is dropshipping.
Finding your niche and method
There are ecommerce platforms that encourage dropshipping, so you will be able to sell beautiful mother of pearl jewelry without actually having to stock up on it which is great because you won’t require any capital and you risk nothing since you don’t have to worry whether there’s a buyer. If there’s one, great, you get to earn from the price markup but if not, then you will not have made any losses. Your job is to market and sell whilst the platform does the rest such as package the product and mail it to the recipient. Perhaps the biggest decision you will have to make it so decide what you want to sell. Apparel, jewelry, gadgets?
However, there are those who have a skill to sell. Perhaps you make jewelry or a range of other handcrafted items such as apparel or even stationary. If you have a passion for making something, you can create a few sample pieces. If you have made seaside pearl necklaces, get them photographed by a professional (it makes all the difference) and upload it onto a marketplace such as Etsy or you can create your own. Many handicrafters from Etsy have an Instagram account as well as their own website dedicated to their store and you want to make sure you have a strong online presence because it will help you with marketing.
Market your wares
Now that you have your virtual store all set up and ready to go, next up is marketing. The best kind of marketing tactic doesn’t require you to spend a single cent. One successful entrepreneur reached out to thousands of social media influencers that fit his target demographic. He was selling women’s clothing and therefore sought out those between the ages of 16 to 25 (who would look good wearing his clothes) and made sure their style was on par with his fashion line. He told them that they could receive 30% of the sales made from their affiliate code and within a fortnight, he was making five figures sales just from this tactic alone. The best part was he was using drop shipping as well and didn’t need to spend a single cent on manufacturing, stocking or even maintaining a shopfront.
You could potentially set up a business through drop shipping in a matter of hours, from picking out a product to setting up your shop and getting a website and social media account up and running – another entrepreneur managed to set up a drop ship business by tapping into the Chinese market and sourced for the cheapest products while selling to the American consumer who were used to paying a standard price. When you take into account the exchange rate, you will have a huge profit on your hands.
The Forex market is a market that is literally in a constant state of evolutionary movement. This is the market that quite literally never sleeps, and so one of the necessary offsets of that reality is that not only is there never a dull moment, but there is never a minute movement. The Forex market operates on a shifting climate that is always rising and falling, and so naturally the market itself rises and falls in alignment with the way of the world around it at any given time. This is the way that it works. This is the reality. And more and more often, it is being realised that this is just the tip of the iceberg, too. Welcome to the digital era, where technological influence is revolutionising the Forex market from the ground up.
Bringing technologies into the Forex market
The utilisation of technological advancements and enhancements in the Forex market is all about taking a relatively strong overall market performance and turning it into an exceptional market performance, not only immediately, but ideally on an ongoing basis. Technologies like the blockchain ‘fork’ are steadily working towards revolutionising the Forex market in ways that are tipped to make it bolder, better, faster, and stronger than ever. This is how the modern world works, and this is now also the expectation upon not just the Forex market, but the world itself. So, why is technological advancement so important in the Forex market?
Why technologies are so crucial to the future of the market
More than anything else, the introduction and ongoing implementation of various technologies into the Forex market is about ensuring that the market not only performs well now, but that the future of the market is as secure and as relevant as possible. The fact is that modern consumers are growing more comfortable and familiar with technological influence than they are in its absence, and this is perhaps no truer anywhere else than it is in the Forex market. Given the sensitive nature of the market, it is paramount that consumers respond to the market as well as possible, always. Anything less is simply not enough. So, technological influence allows the market to maintain its relevance and step up its game all the time.
What we can expect from Fintech and Forex in the future
Aptly called ‘Fintech’ (or, finance technology), the branch of technology making headway in the Forex market is powerful even in its relatively fresh perspective. The relationship between Fintech and Forex is just beginning to take shape. Inevitably, this means that there is a whole lot more where this came from. The future of Fintech and Forex both as individual entities and as a collective unison is brighter than ever, and holds more promise than ever, too. An exciting insight into what is to come, the current state of the Forex market is a testament to what is possible when technological advancement and enhancement is not only acknowledged, but entirely embraced.
Affiliate marketing is a field that is on a steady rise. Referred to as any form of a sale for another party that you receive commission for, affiliate marketing is all about creating and investing in opportunities for additional income streams that ultimately work towards plumping up investment opportunities. This is a modern marvel that has gained serious momentum in recent years, and it is a modern marvel that continues to gain momentum even now. It likely will for a long time going into the future. Now that affiliate marketing has made its mark, it is well and truly here to stay. And that is just the tip of the iceberg.
Affiliate marketing gives companies and even social media personalities opportunities to associate themselves with brands, products, and services they love while making a genuine income from the affiliation on the side. Sometimes, the opportunities taken are not necessarily genuine, but there is a growing trend in affiliate marketing where the genuine far outweighs and outsells the masked. After all, if you know what to look for it is exceptionally easy to tell the difference between a genuine marketing effort and one that is disingenuous.
Why affiliate marketing?
At the end of the day, affiliate marketing is such an ample growth and exposure opportunity because it gives you the chance to peddle a marketing opportunity that either genuinely means something to you, or is paying you enough to make you want to abandon what it is that means the most to you. Obviously, one of those two approaches to affiliate marketing is more ideal than the other, but that does not stop the pool from widening and adjusting. This is the nature of affiliate marketing, and is the beginning of quite a long story.
How to make the most of affiliate marketing
For the most part, making the most of affiliate marketing is relatively easy. Affiliate marketing is quite simple if you pay attention to the movements of the market and know where your affiliation is best directed. Of course, having an expert advisor in your corner never hurts either. In fact, some would argue that having a professional expert is crucial to how any affiliate marketing deal unfolds not just immediately, but over time. More than anything else making the most of affiliate marketing is all about knowing the market itself.
The future of affiliate marketing
In essence, the future of affiliate marketing is tiered specifically towards how the way of the world continues to gravitate. Of course, that much can be said about any aspect of life as we know it, but in the case of affiliate marketing, it is truer than it is in many other aspects of life. Affiliate marketing and its future all lies squarely in the hands of consumers, both current and future. The reason for this is that affiliate marketing only works if consumers are backing the movements of the marketing concept – without the loyalty and support of the market, everything else falls apart.
Investment banking is one aspect of the greater international finance industry that seems to continuously persevere, going from strength to strength and somehow managing to override any challenges that present themselves along the way. Of course, this is to be expected. Investment banking is one of the most heavily coveted and utilised aspects of the global finance industry. Individuals and groups alike look to investment banking opportunities to assist them in breaking down barriers and making their finance dreams possible, and this is the one constant that remains strong as ever in this aspect of the global finance industry.
Of course, investment banking is not without its opportunities for improvement. Like any other aspect of the finance industry (or the greater world, for that matter), there is always room for growth and improvement. The latest innovations in investment banking point to an emerging era in investment banking that is more capable and reliable than ever, and it all comes back to data. Considering that finance is one of the most data-driven industries in the entire world, it should come as no surprise that this weakness in any aspect of finance would be heavily focused on until probable cause for improvement is discovered.
Understanding investment banking’s biggest flaw
One of the biggest issues surrounding investment banking has always been the complete lack of data transparency. Making a financial investment is always a decision that should never be taken lightly. More so, given that investment banking has a reputation for being less than transparent with its data implementation and outsourcing, it is more important than ever to be careful of your dealings with investment banking – if you even have a desire to dip your toes in the investment pool. This lack of data transparency is the biggest flaw in investment banking, and there is a need for the industry to change to gain the trust of clients (both existing and prospective going forward).
How investment banking can strengthen this weakness
Essentially, the investment banking facet of the finance industry can definitely make changes and turn this data transparency weakness into one of its greatest strengths. Ultimately, what it is going to take is a drastic switch back to the key fundamentals of investment banking. Those key fundamentals are the transparency of not only getting consumers to engage in investment banking opportunities, but genuinely giving those consumers the perfect investment banking opportunity for them. Finance companies that focus on investment banking are at the point of having to realign with the way that modern consumers are focused, and that is essentially giving them a boost for this next era in investment banking.
This next era in investment banking is just getting started
This new emerging era in investment banking is one that is going to be hyper-focused on the importance of personalising the investment banking opportunity. This is the way that consumers are consistently shifting all the time these days. Like any other successful and thriving industry today, investment banking is having to realign to the way that consumers are giving their attention. This is an ongoing movement that is going to present an intriguing new era in investment banking. This is just the start of this latest evolution, and the best is yet to come.
The battle to regulate ridesharing companies is currently being fought between local jurisdictions and states, and the only losers right now are passengers. While cities have been trying to tighten the rules on companies such as Uber and Lyft, states have taken over the role of regulating these companies and have generally passed laws that are much friendlier to the industry than the regulations introduced by the cities. While the industry does face some additional regulation to what it did in the past, it is still not sufficient enough to fully protect passengers who use the ridesharing services. As a result, passengers are at risk of injury in this inadequately regulated industry.
Much attention has been devoted to the legal and regulatory loopholes that ridesharing companies take advantage of to increase their revenues. This comes at the expense of both drivers and passengers. Cities have admirably attempted to tighten the rules that these companies face. For example, some cities have passed measures regulating pay, while other have instituted requirements for disabled person’s access to the ridesharing services. Other cities have filed lawsuits against the companies for a lack of safety. The new local regulations have also touched on passenger safety but many state legislatures have passed laws that have taken over regulating the ridesharing companies from the cities. Then, the states turn around and pass laws that are less stringent on passenger safety.
The end result is that passenger safety is compromised in many ways. One of the biggest problems that Uber and Lyft face is the disturbingly large number of reports of sexual assaults of passengers who are using ridesharing services. Recently, Uber released safety data that reported that approximately 3,000 sexual assaults occurred in ridesharing vehicles last year. This number is on the rise, up approximately four percent from the previous year. The assaults detailed here included both instances where drivers attacked passengers and vice versa. While there has been some movement towards tighter regulation of these companies, this alarming report of criminal activity in Uber vehicles show that much more is necessary to better regulate these companies.
While companies have instituted some background checks of their drivers, Uber and Lyft are not subject to high-level scrutiny of the means that they use to examine drivers. There are reports that these companies have skimped at times on their background check expenses. Now that Uber and Lyft are public companies, there may be even more of an incentive to cut corners in order to maximize profits for shareholders. Uber has already had to settle lawsuits that were brought by several cities for lax background check practices. However, this has resulted in only incremental changes, and the companies can still skimp on these expenses at times.
What would protect passengers more would be some uniform standards that ridesharing companies must follow for safety. Instead, there is a patchwork of regulations between cities and states with no set regulatory standards. Congress has not really stepped into the breach, and Uber and Lyft refuse to even appear before Congress to answer questions.
In order for the ridesharing industry to succeed as well as protect its passengers, further regulation will be necessary. Recently, there was a report in the Washington Post about how Uber’s investigations unit aims to protect the company instead of its own passengers. In some cases, drivers are allowed to continue working even after they have accumulated the “three strikes” that company policy demands result in their firing. Uber does not always enforce its own rules. When it does take enforce to enforce its rules and fires drivers, many of these people will simply start to drive for Lyft, who does not have access to these disciplinary records.
The negative publicity that the ridesharing companies are receiving has served to limit their previously explosive growth. As public companies, Uber and Lyft have not delivered the performance to their shareholders that was expected. The stock prices have languished and revenue growth has trailed expectations. Passengers have still not fully accepted ridesharing companies as a viable alternative in part because of the reputation for a lack of safety. Many people still do not quite know what they are getting when they call for and get into one so they still opt for the more expensive yet safer taxicabs.
At the same time, the stalled stock prices have created more incentives for the companies to cut costs at the expense of safety. Absent concentrated efforts to regulate Uber and Lyft at the federal and state levels, the safety records of these companies will not improve because the ridesharing companies will not make the changes themselves. However, ridesharing companies have political protection in many states and political affiliation dictates in part how strictly regulation will be in a certain area.
In the meantime, customer safety metrics have not improved and, in some regards, are getting worse. High-profile passenger horror stories of robberies and assaults still continue to be reported upon in the media with regularity. In addition, it is difficult to sue ridesharing companies due to their legal structure. Governments will need to act forcefully and in short order to protect passengers who place their trust in Uber and Lyft.