Washington, D.C. Vote Helps Uber, Hurts Lyft, SideCar

What's Next In Payments®
3:58 PM EDT December 6th, 2012

A Washington, D.C. city council vote to approve new transportation regulations should bolster Uber’s business but could hurt competitors such as SideCar and Lyft, according to Tech Crunch.

The new regulations apply only to licensed drivers and operators, which excludes the likes of SideCar and Lyft drivers who are licensed outside of Washington, D.C.

The voting victory comes at a good time for Uber, as the company has recently come under regulatory assault in Chicago, California and New York.

Read the full story here.

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