Skip to Content
Silicon Valley

New York City has hit Uber with a cap on new cars

August 8, 2018

Licenses for new ride-hailing vehicles in the city are about to get scarce.

The news: The New York City Council passed legislation this afternoon that puts a one-year hold on the issuing of new ride-hailing licenses and sets a wage floor for drivers. The new rules will take effect as soon as Mayor Bill de Blasio, who supported the bills, signs them into law.

Slamming on the brakes: This is a big blow to Uber—the Big Apple is the company’s biggest US market. But since it started, Uber’s habit has been to embrace rapid growth while paying little heed to those its business upset or put out of work, rather than working to find ways to co-exist in the towns into which it expanded.

Why it matters: This makes New York the first major American city to set a cap on ride-hailing vehicles or to set pay rules for gig drivers. It also sets a precedent that other cities could follow, which would spell trouble for ride-hailing firms. It’s especially bad timing for Uber, as the company intends to go public next year.

Keep Reading

Most Popular

This nanoparticle could be the key to a universal covid vaccine

Ending the covid pandemic might well require a vaccine that protects against any new strains. Researchers may have found a strategy that will work.

How do strong muscles keep your brain healthy?

There’s a robust molecular language being spoken between your muscles and your brain.

The 1,000 Chinese SpaceX engineers who never existed

LinkedIn users are being scammed of millions of dollars by fake connections posing as graduates of prestigious universities and employees at top tech companies.

Stay connected

Illustration by Rose Wong

Get the latest updates from
MIT Technology Review

Discover special offers, top stories, upcoming events, and more.

Thank you for submitting your email!

Explore more newsletters

It looks like something went wrong.

We’re having trouble saving your preferences. Try refreshing this page and updating them one more time. If you continue to get this message, reach out to us at with a list of newsletters you’d like to receive.