Just over five years after it began offering rides in San Francisco, Uber now operates in 342 cities spread across more than 60 countries. It’s the poster child for the so-called sharing economy, employing some 327,000 freelance drivers in the U.S. and hundreds of thousands more around the world. Almost overnight, it is a $51 billion global company. But it's tax scheme allows it to pay virtually no taxes, since it operates on royalties out of the Netherlands, where royalties are not taxed. Steve and Sinclair review an exploration of Uber's controversial business model reported by Fortune Magazine.
In the Q & A segment, test your knowledge with a financial quiz from the Wall Street Journal.