Uber CEO: Wait 2 Hours to Avoid Price Surge on New Year's

Uber has a simple message for customers looking to avoid severe price hikes on its car service this New Year's Eve: Just wait it out for a couple of hours

"If you are at a party at 1 a.m. and you'd like to get home economically, like with a relatively inexpensive ride, wait til three. If you can wait til three, it's gonna go well," Travis Kalanick, cofounder and CEO of Uber, said in a video released Sunday night explaining the company's New Year's Eve pricing. "If you absolutely need a ride between 1 and 3 a.m., Uber will be very reliable, but it will be a pricey ride and you just have to expect that." Read more...