One reason, to avoid the scrutiny describing their actual business would expose them to more scrutiny, e.g., Uber is transportation company, not a software company.
Once the BBC described Google as an "American advertising company", now that's cold.
One reason, to avoid the scrutiny describing their actual business would expose them to more scrutiny, e.g., Uber is transportation company, not a software company.
Once the BBC described Google as an "American advertising company", now that's cold.
Uber is not a bus company. It does not own a gigantic fleet of cars or large depots to store them in, nor does it employ mechanics and cleaners to tend to them, or have long-term contracts for gates at stations around the country.
Uber is a tech company because it really only owns software and lawyers. The cost of bringing 10,000 new vehicles on the road is minimal -- they simply increase the incentives to drivers in that area.
Likewise, Air BnB is a tech company, for the same reason.
WeWork, however, is simply an office real estate company. Its business model is closer to a hotel chain.
Ironically, if Uber achieves its self-driving dreams it will have acquire all of these things.