“The City Council’s Uber cap will leave New Yorkers stranded while doing nothing to prevent congestion, fix the subways and help struggling taxi medallion owners,” said Josh Gold, a spokesman for Uber. The City Council is also moving to regulate Airbnb, another tech company that has upended a long established industry — in this case, hotels. Uber’s leaders have signaled that they were open to discussing new regulations, but they have adamantly opposed any cap. On Thursday, as city officials began to discuss the cap, Uber released a new ad to oppose the proposal. “If the New York City Council gets its way, all of this could disappear,” the ad says.

Source: New York Times July 27, 2018 02:14 UTC