Uber Agrees to Cap Pricing During Disasters, Emergencies
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Ride-sharing service Uber Technologies Inc. reached an agreement with New York Attorney General Eric Schneiderman to limit its pricing tactics by capping fares during emergencies and natural disasters.
The San Francisco-based startup, which allows people to order transportation with smartphones, agreed to limit pricing during “abnormal disruptions of the market” under an accord signed today, the attorney general’s office said. The company implemented a similar policy throughout the U.S., it said in a blog post.