New York just capped the number of Uber, Lyft vehicles in the city

New York just became the first US city to cap the number of ride-sharing vehicles and require Uber, Lyft, and other companies to pay drivers a minimum rate.

Regulatory changes in New York City, Uber’s largest US market, could provide a model for other cities eager to rein in ridesharing firms that have increased congestion even as they’ve revolutionized transportation.

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