San Francisco Cab Company Blames Its Demise On Uber

In the blink of an eye, transportation network companies like Uber have all but crippled the U.S. taxi industry.

Lyft and UberX (Uber’s ride-hailing app for amateur drivers, versus its earlier service for licensed limousines) both started in 2012.

On Friday, San Francisco’s Yellow Cab cooperative filed for bankruptcy protection.

Fortune Magazine article here

Keywords

bankruptcy   California operators   San Francisco operators   taxis   TNCs   Uber   

 

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