. >> look at airbnb or lyft. they are established lobbies, in one case it's the taxis and the car service lobby saying it's dangerous, they are not professional, they may not be injured, and with airbnb, the hotel company say these things do not make sense. in new york the city is saying you can't do these things. there's an established hierarchy working against the shared economy. >> 100% true. there's a saying in silicon valley that it's better to ask forgiveness than permission. the companies have gone in, you know, head strong and disrupted all the industries, going up against major established industries. that being said there are concerns. if you open an apartment in new york and your neighbour is representing out there place by the night. that impacts your life in a serious way. i think there are questions that a lot of companies will have o answer as they mature and grow. >> we'll talk about warren buffet's annual meeting and people complaining about the price of hotels in omaha. and he said there's airbn

in a three-week period they have given warnings to 110 drivers. 101 were from uber, 7 from lyft, one from sidecar and one from wings. in a letter to the public utility commission that regulates the companies, they said the disturbing lack of compliance with requirements raised serious public safety concerns at the airport. >> we are finding drivers that have expired licenses, finding drivers with no insurance, finding drivers that don't even own the car that they are using. >> sfo said a permit would solve these problems. companies would pay a $1,000 deposit and $3.75 per ride. but uber said it's concerned with the tracking devices required for all of their vehicles, which they said violates the privacy of their drivers and passengers. it's the same technology required for taxis and limos. >> do you think they should have permits like you guys? >> definitely, yes. >> this cabdriver said everyone should be held to the same standard. >> we're required to have insurance. we pay money and they don't pay anything. it's completely different. >> changes may be on the way. the cpuc will be m

in a three-week period they have given warnings to 110 drivers. 101 were from uber, 7 from lyft, onerom sidecar and one from wings. in a letter to the public utility commission that regulates the companies, they said the disturbing lack of compliance with requirements raised serious public safety concerns at the airport. >> we are finding drivers that have expired licenses, finding drivers with no insurance, finding drivers that don't even own the car that they are using. >> sfo said a permit would solve these problems. departments would pay a $1,000 deposit and $3.75 per ride. but uber said it's concerned with the tracking devices required for all of their vehicles, which they said violates the privacy of their drivers and passengers. it's the same technology required for taxis and limos. >> do you think they should have permits like you guys? >> definitely, yes. >> he said everyone should be held to the same standard >> we're required to have insurance. we pay money and they don't pay anything. it's completely different. >> changes may be on the way. the cpuc will be meeting with a

investments in a variety of well-known consumer related technology companies in the united states from lyft to tango. it is not just the story of marketing to investors. it's the story of marketing to anyone who could potentially be a user of the various alibaba services. i thought it was interesting they use these antidotes like the american farmers who could maybe sell cherries into the chinese market or the small business operators like the yoga studio operator or the cake maker who can buy cake decorations or yoga mats in china using the various alibaba properties. they are very much in a mission to invest in united states and inform people in this country about what alibaba is. >> you helped google set up shop in china. talk a little bit about the regulatory issues. the chinese government comes up a lot in the risk factors. what is your take on the chinese government's power over their business? >> certainly the chinese government regulates media, commerce, and financial instruments. alibaba was going to get into money market or credit card business which is another question. that's an

. ♪ >> ridesharing services uber and lyft have seen explosive growth in a short amount of time but theresh on the horizon. yesterday, the companies were accused of racketeering by taxi and other firms in connecticut. the suit alleges they prey on established services and they break the law. i next guest is a competitor to these companies, hailo co-ceo tom barr. great to see you this morning. you operate differently from uber. you work but the taxi companies. how? >> we are in the middle ground. there is this disruption for destroy and disrupt on the far side of the issue, and then there is the current industry and regulators. we are there in the middle working with regulators and industry to bring innovation to the customers but in a way that we call constructive destruction -- disruption, in a way that works on partnerships and regulation, instead of just blowing it out. >> basically, when someone uses anlo, they can get independent driver or a new york city taxicab. >> correct. >> so whoever is closer will come to you directly. >> we work with are currently to bring the services to lig

. >>> with ride sharing and chauffeuring start-ups like uber, lyft and side car making cost-cutting and look at what the future of commuting could look like. robin chase with us, the co-founder and former ceo of zip car, the former ceo of buzz car. peer-to-peer shared cars. it's only in france, correct? >> yes. >> what's the idea? how is it different from zip car? >> with zip car, the company owns their own cars. with buzz car, the companies we use are individuals' cars. and it transforms the economics of the situation, because zip car will only place cars where it can get a return on the asset because it has to buy the whole car. with buzz car, we're using existing assets that have been paid for, so if you rent your own car out once a year, great. if you rent it out three times a week, better yet. you don't have to get a return on the entire asset. >> how has the reception been in france? you have any plans to move it to the u.s.? >> so buzzcar is three years old now in france. we have 8,000 cars being used by about 80,000 people across the country. it's doing well. as to whether we wa