Speaking of Cartel: NYC Punches Uber in the Gut

Uber and Lyft have been dealt a blow in New York after the city passed a package of regulations targeting ride-hailing apps.

The bills cap the number of ride-hailing vehicles allowed on streets, halts the issuing of licenses for the services and allows the city to set a minimum pay for drivers. Uber and Lyft fought hard to defeat the bills, including trying to mobilize their riders to oppose the proposal.

I wonder what the effects will be for the drivers.