Tag Archives: Uber

NEW YORK CITY: Uber Temporarily Undercuts Fares Of Yellow Cabs

Uber has temporarily slashed its rates to just below those of New York City’s licensed yellow cabs. “UberX is now cheaper than an NYC taxi,” Uber proclaimed on its website on Monday. “From Brooklyn to the Bronx, and everywhere in between, UberX is now the most affordable ride in the city.” The move — an aggressive bid to capture an …

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Angry Cab Drivers Gridlock Major European Cities In Protest Over Uber App

Via the Guardian: Several major European cities ground to a halt on Wednesday as licensed taxi drivers took to the streets in mass protests against the smartphone taxi app Uber. Demonstrations in London, Paris, Madrid, Barcelona, Berlin, Milan and Rome caused travel chaos and long tailbacks, as taxi drivers protested against the app, which they argue is unregulated and threatens …

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Uber App Is Now Worth $18B

Only four years after its launch, the company behind the car service app Uber is now worth more than Avis and Hertz combined. Via Forbes: Uber’s meteoric rise has led to a recent round of valuation-guessing, which started at $12 billion and edged up to Friday, when the Wall Street Journal reported the company said it’s raising $1.2 billion — …

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