New Yorkers spending time in the Hamptons this summer won’t be able call Uber Technologies Inc. for a ride.
The East Hampton town board altered its licensing rules to require every taxi driver to have a physical office in the town. After the change, Uber announced Friday that it was ending operations effective immediately from East Hampton to Montauk, saying it would be “impossible” to comply with the rules.
Seemed easy enough for that government to instantly stop uber.
I do not endorse uber, not because it is a business disrupter, but because I refuse to pay for a service before I get it. Uber is yet another database of credit cards that can be hacked. On the flip side, uber's presence is putting a rocket up the local taxi monopoly.
CAB Price at posting:
$4.50 Sentiment: Buy Disclosure: Held
