Ridesharing company

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Uber Technologies, Inc., commonly known as Uber, is an American multinational ride-hailing company offering services that include peer-to-peer ridesharing, ride service hailing, food delivery, and a micromobility system with electric bikes and scooters.

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The well-publicised trials and tribulations that disruptive innovations like Uber, Airbnb and Bitcoin have had with regulators could lead you to believe that regulators can be the nemesis of innovation.

Last year, Uber and Lyft, ride-hailing competitors that are both losing huge amounts of money, had disappointing public offerings. WeWork, the commercial real estate company, dropped its I.P.O. plans and experienced a management shake-up after investors recoiled from its poor financial performance.

At the U.S. Chamber of Commerce later in the afternoon, during an event sponsored by Uber and other companies, Mr. Kenyatta said the agreement “will not only serve Kenya and the United States but will probably set the base for renewed engagement between the United States and other African countries.”

Increasingly, business models are being disrupted through tech-driven innovation—just ask Uber’s competitors in the taxi business.

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