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

A Roomba recorded a woman on the toilet. How did screenshots end up on Facebook?

Robot vacuum companies say your images are safe, but a sprawling global supply chain for data from our devices creates risk.

A startup says it’s begun releasing particles into the atmosphere, in an effort to tweak the climate

Make Sunsets is already attempting to earn revenue for geoengineering, a move likely to provoke widespread criticism.

10 Breakthrough Technologies 2023

Every year, we pick the 10 technologies that matter the most right now. We look for advances that will have a big impact on our lives and break down why they matter.

These exclusive satellite images show that Saudi Arabia’s sci-fi megacity is well underway

Weirdly, any recent work on The Line doesn’t show up on Google Maps. But we got the images anyway.

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.