Uber and Lyft are lashing out at New York City regulators for restricting vehicle numbers, hiking minimum wages, and levying congestion charges. "The new rules could potentially restrict where, when, how drivers can work and we just don't think that's good for New Yorkers," Uber CEO Dara Khosrowshahi said. The regulations"create negative consequences for both drivers and riders," Lyft president and co-founder John Zimmer said. Watch Uber and Lyft trade live.
Uber and Lyft are lashing out at New York City regulators for restricting vehicle numbers, hiking minimum wages, and levying congestion charges. "The new rules could potentially restrict where, when, how drivers can work and we just don't think that's good for New Yorkers," Uber CEO Dara Khosrowshahi said. The regulations"create negative consequences for both drivers and riders," Lyft president and co-founder John Zimmer said. Watch Uber and Lyft trade live.
lolol wait till the fees to enter Manhattan kick in... they'll really be crying. they better step up up their lobbying game or the future is looking pretty dismal. Uber Lyft stocks investment investing newyorkcity newyork NYC
I hope the are banned altogether
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves after hours: Lyft, Uber, Roku and moreSee which stocks are posting big moves after the bell on August 7.
Source: CNBC - 🏆 12. / 72 Read more »
NYC wants to cut back on Uber, Lyft vehicles cruising without passengersThe NYC Taxi & Limousine Commission voted unanimously on an extension of a cap on ride-sharing vehicles, as well for a new rule around 'cruising,' which would limit the time ridehail drivers can spend roaming streets without passengers during peak hours. How about cutting down on overpriced cabs. Make it hair for everyone. Never use Uber , use my local cab co in Queens , and take the yellow cabs in Manhattan 👌👌
Source: CNN - 🏆 4. / 95 Read more »
Market relief; Lyft and Uber; Oil boostToday's top business headlines: - Markets could face another 'bearish black hole' - Equinox owner's planned Trump fundraiser causes outrage - FedEx will no longer offer ground delivery to Amazon - Walgreens to close 200 locations in the US I love CNN news ❤😘 Glad to see Walgreens tailing. Should have been more like CVS and focused on health, the profits will follow, instead they as a health store continued to sell stuff that’s horrible for you. What hell, FedEx? But no, really, why? O_o
Source: CNN - 🏆 4. / 95 Read more »
Signs of price truce push Lyft, Uber higherLyft Inc's hints that its cut-throat rivalry with U.S. ride-hailing rival U... As long as drivers get fair pay. I was a lyft driver for almost 3 years off and on and it became impossible toward the end to make a decent amount.
Source: Reuters - 🏆 2. / 97 Read more »
Uber-Lyft price-war truce will be temporaryThe ride-hailing firms say user fees are becoming more rational while passenger growth was steady. But, expenses are up. A record $5.2 bln quarterly loss and drags from freight and food delivery put Uber under more pressure. Cutting prices may be a tempting way to boost growth.
Source: Breakingviews - 🏆 470. / 51 Read more »
Uber says it's not worried about new competition in its biggest market in EuropeUber CEO Dara Khosrowshahi downplayed concerns about new competition in London during the company's earnings call Thursday. Of course not. Uber can lose money faster than any competitor. Its biggest worry is itself and being able to stop burning money
Source: CNBC - 🏆 12. / 72 Read more »