California Rules In Favor Of Ridesharing

The California Public Utilities Commission issued a new framework for ridesharing services operating in the state, TechCrunch reported.

The decision follows months of discussions between popular ridesharing startups like Uber, Lyft and Sidecar and state regulators. The announcement was seen as a win for the companies over local taxi and limo providers, who have raised concerns about ridesharing.

For more on the development, read the full report here.

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