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August 1, 2018 07:33 pm GMT

Ride-share companies offered New York $100M to drop proposed regulations

Lyft, Uber and Via yesterday made an offer to succor New York City's beleaguered taxi medallion owners: a $100M relief fund paid over five years to cover the plight of these poor souls. But the city, in its arrogance, refused this generosity! How could they? Perhaps because it was because the money was contingent on New York dropping its proposed regulations of the ride-sharing industry. In this light it's hard to perceive it as much more than city officials rejecting a bribe.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/utiN9VNa6HA/

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