Ride Sharing Disrupts the Taxi Business in Los Angeles
HBR's The Daily Stat
Ride-sharing services such as Lyft ask for "donations" that run about 20% less than cab fares in Los Angeles, says The New York Times. The services, which have ignored city regulators' orders to shut down, appeal to younger riders as a cheaper and more fun way to get around. Cab companies point out that ride-share services can charge less because their cars don't have to be accessible to the disabled or include safety partitions protecting drivers from riders.
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