The New York City Mayor’s Office reached a deal with Uber Technologies (UBER) and Lyft (LYFT) to rein in lockouts and stop onboarding new drivers, Evan Gorelick and Natalie Lung of Bloomberg report. In exchange, the city’s taxi regulator agreed not to impose new rules on the rideshare companies, the journalists note. The New York Taxi and Limousine Commission confirmed the arrangement in a statement shared with Bloomberg News.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UBER:
- Tesla’s (TSLA) Q2 Results Are Better Than They Seem. Here’s Why
- Uber, Lyft Win Epic California Court Ruling for Gig Workers
- California Supreme Court sides with Uber and Lyft over Prop. 22
- California Supreme Court sides with gig companies in Prop. 22 ruling
- California Supreme Court says gig law does not violate constitution