NYC to go another year without new Uber and Lyft drivers [CBS News]
Uber Technologies, Inc. (UBER)
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Source: CBS News
NYC uber cap gets extended for another year - CBS News New York moves to prolong cap on new Uber and Lyft drivers By Irina Ivanova June 12, 2019 / 6:11 PM New York City is extending a cap on the number of cars allowed to drive for ride-hailing apps like Uber and Lyft, Mayor Bill De Blasio announced Wednesday. The city is also imposing a new limit on how long a driver can cruise around Manhattan without a passenger, a change the mayor said The city first capped the number of new vehicles allowed to drive for the services last August The explosive growth of drivers in the city has become "absolutely unsustainable," Deputy Mayor Laura Anglin said Wednesday. Eight taxi and app drivers have committed suicide in the past year, many saying they were no longer able to make a living driving after Uber and Lyft pushed down prices. "The right to stable and livable income should be a standard in this industry -- and that's only possible with a permanent cap" on for-hire vehicles, Bhairavi D
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UBER
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UBER
Earnings
- 2/7/24 - Beat
UBER
Sec Filings
- 4/19/24 - Form PX14A6G
- 4/18/24 - Form 4
- 4/18/24 - Form 4
- UBER's page on the SEC website