The Casino of Capital has deemed Uber to have a value of at least thirty billion dollars, or forty or sixty or more, depending on what you read and when you read it.
Which means they have the wherewithal to take any municipal government anywhere in the world to the mat just by bleeding them to death with legal fees. Which is why Toronto is caving in without a fight.
Meanwhile, the entire cab industry can be written off just because the billionaire bullies behind Uber can force anybody who stands up to them into bankruptcy.
And this is applauded as "progress" in the business press?