By Linda Chiem (August 9, 2018, 6:01 PM EDT) -- The first-of-their-kind limits that New York City placed on the rapid expansion of Uber, Lyft and other app-based ride-hailing services may inspire cities and municipalities to craft more hard-line rules for newer entrants in on-demand transportation, experts say, but consumers could end up paying the price.
Spurred by criticism of its laissez-faire approach to regulation and outcry over the economic plight of traditional taxicab drivers, New York City on Wednesday became the first major U.S. city to curb the number of Uber Technologies Inc., Lyft Inc. and other app-based ride-hailing vehicles on its roads. The city council approved a one-year moratorium...
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