Representatives of Uber and Lyft warned Friday that a New York City effort to regulate app-based ride-hailing services will stall innovation and threaten competition.
The regulations “will be crushing to our thousands of drivers,” Michael Allegretti, New York head of public policy for San Francisco-based Uber, said at a public hearing of New York’s Taxi and Limousine Commission.
But commission Chairwoman Meera Joshi said the proposed rules changes are minor adjustments to existing regulations that have been mischaracterized by opponents.
She said a requirement that car-service companies inform the commission of updates to their apps would not mean, as critics have charged, that Uber and the other app-based companies would have to divulge technical information.
“It’s not software, it’s not source code or any advanced programming,” Joshi said.
She said requiring the companies to submit trip data to the commission would not invade passengers’ privacy.
Full content: Wall Street OTC
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Spanish Train Maker Talgo Receives Merger Offer from Czech Rival Skoda
Jul 16, 2024 by
CPI
Yandex Finalizes $5.4 B Asset Split, Marking Major Corporate Exit and Birth of New AI Venture
Jul 16, 2024 by
CPI
Tesla Switches Legal Teams in California Antitrust Class Action, Court Records Reveal
Jul 16, 2024 by
CPI
Citigroup Fined $136 Million for Insufficient Progress on Data Management Issues
Jul 16, 2024 by
CPI
UK Regulators Probe Microsoft’s Hiring of Inflection AI Staff
Jul 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Private Equity Roll-Up Schemes
Jun 28, 2024 by
CPI
The FTC’s Focus on Private Equity is Warranted
Jun 28, 2024 by
CPI
Unraveling the Roll-Up: Private Equity’s Misunderstood Investment Strategy
Jun 28, 2024 by
CPI
Antitrust Focus on Private Equity Funds and Serial Acquisitions
Jun 28, 2024 by
CPI
Private Equity Roll-Ups Amidst Heightened Antitrust Enforcement
Jun 28, 2024 by
CPI