Getting back into the swing of things, New York's reelected Attorney General Eric Schneiderman has lots to do now back for another term. With elections just passed it is imperative that politicians, especially executive politicians, keep on task and are swift with there actions.
(Google.com)
For most of the past year there has been a proposed rule within the Taxi and Limousine Commission. This proposal will in turn make app-based car services at the whim of for-hire car services. Another way put, the in-app company's would need permission from "real" taxi company's to go pick up a costumer. This rule would prohibit fair competition as Schniederman said.
(Capital News)
App services, such as Lyft, and Uber would be disenfranchised by this rule and in fact be malleable to monopolies. While in the previous months, Eric Schneiderman spoke agents these company's Uber and Lyft. His position has changed. Schneiderman states "From a competitive standpoint, these advances may lower the cost of entry for new for-hire vehicle services and encourage existing services to compete more effectively for both drivers and passengers," Similarly, "Requiring agreements between competitors raises serious antitrust issues. Ultimately the proposed rule is likely to lead to market consolidation around a small number of the best-capitalized and most well-known services, "
The proposal is currently being decided upon and they expect a ruling November 20th. also David Mack a Spokesperson of Lyft, thanked Schneiderman for his support and hope to get this issue resolved before the new year. It will be interesting to see whether these new age (very convenient) taxi companies survive or gets thrown to the curb by big business.
App services, such as Lyft, and Uber would be disenfranchised by this rule and in fact be malleable to monopolies. While in the previous months, Eric Schneiderman spoke agents these company's Uber and Lyft. His position has changed. Schneiderman states "From a competitive standpoint, these advances may lower the cost of entry for new for-hire vehicle services and encourage existing services to compete more effectively for both drivers and passengers," Similarly, "Requiring agreements between competitors raises serious antitrust issues. Ultimately the proposed rule is likely to lead to market consolidation around a small number of the best-capitalized and most well-known services, "
The proposal is currently being decided upon and they expect a ruling November 20th. also David Mack a Spokesperson of Lyft, thanked Schneiderman for his support and hope to get this issue resolved before the new year. It will be interesting to see whether these new age (very convenient) taxi companies survive or gets thrown to the curb by big business.
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