Transcripts for CNN CNNI Simulcast 20141219 07:24:00 : vimar

CNN CNNI Simulcast December 19, 2014 07:24:00

uber has been ordered to cease operations amid allegations it wasn't complying with local laws. in paris it banned uber pop after the taxi industry protested. all this for a company that just launched four years ago and is now valued at more than $40 billion. as an entrepreneur, did you ever think you would be running a car service? >> absolutely not. >> reporter: that's uber ceo travis back in the days, explaining to me the original vision behind the company. >> it was for me, the co-founder and our 100 friends to push a button and a s class mercedes rolls up. and that was it. all of their friends wanted it so we just opened it up. >> reporter: uber doesn't actually employee its drivers. instead, it serves as a technology middle man connecting them to passengers. its valuation has surpassed companies like delta and hertz, but of course the press coverage hasn't been so friendly. >> it was tear fight. >> reporter: just last month, a

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