. A surcharge on time traveled in the taxi zone would have been
, followed by Uber, provided an alternative, ridesharing quickly zoomed in popularity.
Unlike Uber and Lyft
, it does not operate a vast ride-hailing service where it could readily deploy vehicles equipped with its own self-driving technology.
On Saturday, Austin voters said they wanted drivers for ride-hailing companies like Uber and Lyft
to follow existing local laws on background and fingerprint checks and on stopping in traffic to drop off and pick up fares.
Ridesharing services like Uber and Lyft
have already had a significant impact on urban transportation.
After the lock-up, Lyft
projects nearly 258 million shares of its Class A common stock will become eligible for trading.