Submitted via IRC for soylent_yellow
New York Supreme Court dismisses Uber's challenge to vehicle caps
Uber's bid to overturn New York City's ride-hailing caps didn't last long --New York's Supreme Court has dismissed the company's request to annul the cap law implemented in August 2018. The court rejected Uber's claim that NYC had overstepped its bounds. There have been far less specific delegations of power that have passed muster before, according to the Supreme Court. It also rebuffed Uber's assertion that other laws preempted the caps.
Uber told Engadget it was "disappointed" with the outcome, claiming that it "punishes" drivers who are obligated to rent cars. In the past, it has argued that the caps would hurt outer boroughs (with less access to mass transit) and wouldn't fix NYC's problems with traffic congestion.
(Score: 2) by PartTimeZombie on Sunday November 03 2019, @08:11PM
Uber lost $5.2 billion in the last quarter. I think that winds up being over $55 million per day.
Nobody at Uber will be buying anything if they can't keep finding more of other people's money to lose.