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Stock impact report

Uber sues New York City over rules that capped ride-hailing driver licenses [CNBC]

Comcast Corporation - Class A (CMCSA) 
Last comcast corporation - class a earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
Company Research Source: CNBC
Uber sues New York City over rules that capped ride-hailing driver licenses Bloomberg | Bloomberg | Getty Images A driver uses an Uber Technologies car service app on a mobile device while driving in Washington, D.C. Uber sued New York City on Friday over the City Council's vote last August New York's cap was designed to limit the number of vehicles on the road, reducing congestion and helping taxi drivers, who say their livelihoods were hurt by the influx of ride-haling drivers in the city. It also allowed the state of New York to set a minimum hourly rate for drivers, which Uber's rival Lyft sued to reverse earlier this year. "Rather than rely on alternatives supported by transportation experts and economists, the City chose to significantly restrict service, growth and competition by the for-hire vehicle industry, which will have a disproportionate impact on residents outside of Manhattan who have long been underserved by yellow taxis and mass transit," Uber's lawsuit says. In a st Show less Read more
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