MFIN - Uber set to add New York taxis to its ride-hailing app this spring

In a move that has the potential to be one of the most-symbolic in its history, Uber (NYSE:UBER) said it will soon begin listing all New York City taxis on its app as an option to its riders. The partnership marks a form of peace between the nation's largest, and most-famous taxi fleet, and the company that was set up to explicitly disrupt and change an industry that had operated virtually unchallenged for more than a century. According to a report from the Wall Street Journal, New York taxis that are regulated through city's Taxi and Limousine Commission will integrate their technological system with Uber's (UBER) so that riders will be able to hail taxi rides as well through the Uber (UBER) app. Uber (UBER) plans to make it so that passengers are charged approximately the same rates for taxi bookings as they are for rides through the Uber X ride-hailing

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Uber set to add New York taxis to its ride-hailing app this spring