2014 Was Not A Smoothe Ride For These Companies

By SiliconIndia   |   Wednesday, 31 December 2014, 13:14 Hrs
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BENGALURU: 2014 was one hell of a year for many entrepreneurs who risked their stakes by making failed attempts to make bigger profits. The road to success has many hurdles which one cannot avoid in any circumstances. But we have to agree that there is nothing worse for a CEO to wake up one fine morning only to  realize that he was in news for all the wrong reasons. One failed attempt has the potential to completely dampen the fame and at times can even cost him a huge loss of faithful customers.



As the year passes by, here are some such companies which hit the front pages in the newspaper for wrong reasons, as chronicled by Firstpost:



Uber:



It is not necessary to give an introduction to how Uber made the headlines lately. It all started in New Delhi, India in the form of rape case and reached all the way up to San Francisco where it was caught by the RBI for violating FOREX regulations.  Delhi’s rape incident was the gravest incident that dramatically involved a corporate like Uber. The company however tried to push the blame on to the malfunctioning of police, it was eventually proved that Uber lacked the essential screening systems and failed to respond to the incident. Uber had a rough year not just in India but across the globe as well. The company was accused of running illegal operations in several cities globally. During the Sydney crisis Uber allegedly hiked the prices as the demand rose to a peak stage.

Also Read: 2014: A Politically Eventful Year For India
Development of 100 smart cities saw push in 2014

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