Taxi Owners Sue NYC Over Uber, While Court Overrules Class-Action Appeal (thestack.com)
An anonymous reader writes: Taxi owners in New York have filed a lawsuit against cab-hailing app giant Uber, citing damaged revenues and a hefty fall in value of NYC's 'medallion' business. The case against the city and its Taxi and Limousine Commission claims that the regulators have unfairly permitted Uber to steal away business from the regulated cab industry. Getting away without regulation has enabled Uber drivers to compete directly, and drown out official taxi companies. A further lawsuit case hovering over Uber this week, is its request to immediately appeal an order approving class certification filed by its own drivers. The appeal was denied by a U.S. court yesterday.
Taxis are quickly becoming obsolete, and in a decade they will be as common as pay phones.
That would be great! Right now, pay phones outnumber taxis in Los Angeles by several orders of magnitude.
I'm not sure how a bitcoin-only system like Uber can win over the traditional taxis.
ladies ride horses to get off