A recent surge of reports about Uber’s alleged violations of law and fair dealings is portraying the company as a bully, roaring over regulations aimed to slow down its aggressive path to transportation dominance. A few cities are stepping up their efforts to regulate aspects of Uber’s business, and a tiny but growing “DeleteUber” backlash has stirred up.

This ruckus is misguided in two profound ways. First, none of the reported violations state a real threat or concern. Second, Uber does present a potential risk, but it is going completely unnoticed. Let me explain.

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