• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Barriers to E-Hailing Union Ownership of App Companies

user avatar

by Giorgi Kostiuk

2 years ago


Legal Constraints The Nigerian e-hailing union, AUATON, is statutorily prohibited from owning e-hailing app companies, as confirmed by Comrade Ibrahim Ayoade. The union's regulatory role precludes direct ownership of app companies under legal frameworks.

Driver Advocacy E-hailing drivers have expressed a desire to have ownership stakes in the apps they operate, leading to discussions within the union about potentially launching an app of their own.

Constitutional Prohibitions The union's constitution explicitly bars its leadership from owning app companies, aligning with the regulatory stance that unions are not intended to function as industry participants.

Industry Dynamics Joseph Olawale highlighted the dominance of cab-hailing companies in structuring industry terms, prompting considerations within the union to establish a counter-app.

Global Comparisons Examples from countries like the US, where driver-owned apps have emerged, showcase alternative models that prioritize driver benefits and earnings distribution.

Empowering Drivers While union ownership of e-hailing apps is restricted, individual drivers can leverage cooperative models to enhance control over earnings and operational practices.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ripple's CEO Highlights XRP as Core Business Principle

chest

Ripple's CEO Brad Garlinghouse emphasizes that XRP is the central organizing principle of Ripple's strategy, highlighting its importance for institutional adoption and regulatory compliance.

user avatarTando Nkube

LayerZero's New Blockchain Zero Drives ZRO Token Surge

chest

LayerZero Labs has launched its new L1 blockchain, Zero, resulting in a 40% increase in the value of its native token ZRO, reaching a four-month high.

user avatarKofi Adjeman

Stablecoin Market Cap Dips Amid Bearish Trends

chest

The stablecoin market cap has recently declined, indicating potential bearish trends in the cryptocurrency sector.

user avatarSatoshi Nakamura

Bitcoin Sentiment Remains Bearish Despite Price Recovery

chest

Despite a recent price recovery, social media sentiment around Bitcoin remains largely negative, according to analytics firm Santiment.

user avatarJesper Sørensen

Significant Variability in Stablecoin Conversion Costs Across Africa

chest

Significant variability in stablecoin conversion costs across Africa, with January's median spread reaching nearly 300 basis points.

user avatarNguyen Van Long

Coca-Cola Stock Gets Bullish Ratings from Analysts

chest

Coca-Cola has received buy ratings from major analysts including Morgan Stanley and Citi, predicting a significant rise in the stock's value despite recent revenue misses.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.