Why there will always be cabbies

Wilson Asset Management

Wilson Asset Management

The sharing economy is growing at a rapid rate, as highly innovative companies transform existing industries or create new ones, such as Airbnb for accommodation or Airtasker for odd jobs. One of the most dramatic changes arising from this movement is occurring in the private transport sector, where ride sharing company Uber has turned existing industry participants and policymakers on their heads. In his monthly Australian Financial Review Smart Investor article Chris Stott our Chief Investment Officer discussed the challenge ride-sharing businesses, such as Uber, pose to the taxi industry. Chris says that he expects governments will protect their taxi income in the face of the industry disruption, meaning cabs will be here to stay, albeit in a much-altered configuration. You can read the full article by clicking here: (VIEW LINK)

1 topic

Wilson Asset Management

Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.