Peru’s National Institute for the Defense of Competition and Intellectual Property Protection, Indecopi, announced that it has sanctioned Uber for “not fulfilling its obligation to provide consumers with relevant information.”
The penalty imposed by the Consumer Protection Commission is $50,625 Peruvian soles, or roughly USD $15,464.
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That’s mere pocket change for the global ride-sharing behemoth that has been valued at anywhere from USD $30 billion to $60 billion, but such regulatory events and legal challenges often set serious precedent…