Uber faces new roadblock in New York on its way to IPO

Uber faces new roadblock in New York on its way to IPO

6 years ago
Anonymous $oIHRkISgaL

https://apnews.com/c5a817744213470ca5da08a5d8dc97b3

SAN FRANCISCO (AP) — Uber will have to navigate around a new regulatory pothole in New York on an already bumpy road to its initial public offering of stock next year.

New York City is imposing a one-year moratorium on new ride-hailing licenses in Uber's largest U.S. market, raising the specter that other cities may adopt similar crackdowns as they try to ease traffic congestion.

Uber faces new roadblock in New York on its way to IPO

Aug 9, 2018, 7:16pm UTC
https://apnews.com/c5a817744213470ca5da08a5d8dc97b3 > SAN FRANCISCO (AP) — Uber will have to navigate around a new regulatory pothole in New York on an already bumpy road to its initial public offering of stock next year. > New York City is imposing a one-year moratorium on new ride-hailing licenses in Uber's largest U.S. market, raising the specter that other cities may adopt similar crackdowns as they try to ease traffic congestion.