• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, August 14, 2026
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Uber, Lyft Spends $8Mn, Still Loses In Texas ; Threatens to Pull Their Operations

by
May 8, 2016
in News
Reading Time: 2 mins read
0
Uber, Lyft Spends $8Mn, Still Loses In Texas ; Threatens to Pull Their Operations

(Pic-rentedlifestyle.com)

TwitterWhatsappLinkedin

 

You might also like

Bumble Scraps Signature Rule and Now Allows Men to Make First Move on Dating App

Jio Financial Shares Rise After Bank of America Announces ₹18,268 Cr Investment in Jio Credit

Forbes Fires Top Editor Randall Lane Over Secret $6 Million Payment

uber-prop-1-austin-e1462654054180

 

08 May 2016, USA :
Uber and Ola witnessed the literal saying “Money can’t but you eveything.” Top most Cab ride companies spent $8 million to repeal a city ordinance requiring the fingerprint-based criminal checks and launched what turned into the most expensive race in the Texas capital’s history and still lost.

After loosing embarrassingly, Uber’s Austin general manager Chris Nakutis said, “Disappointment does not begin to describe how we feel about shutting down operations in Austin.”

“Unfortunately, the rules passed by City Council don’t allow true ridesharing to operate,” Lyft stated, adding it will suspend operations in Austin as of Monday.

 

(Pic-rentedlifestyle.com)
(Pic-rentedlifestyle.com)

 

The companies outspent their opponents by 80-to-1 and when the votes were tallied their campaign contributions broke down to being more than $200 for each vote in favor of their position. Voters said by a margin of 56 to 44 percent they wanted the fingerprint checks to stay.

Uber and Lyft had threatened to pull their operations from Austin should their proposal fail. The election was being closely watched across the USA as other cities, including Los Angeles and Miami, grapple with how best to regulate the ride-hailing companies.

Voters in the Texan capital came out against Proposition 1, upholding ride-hailing regulations that the city council passed in December. The rules are stricter than ones that Uber and Lyft face in other jurisdictions: They require drivers for the services to pass fingerprint-based background checks, to identify their cars with company emblems, and to avoid picking up and dropping off passengers in certain lanes.

“The people have spoken tonight loud and clear,” Austin Mayor Steve Adler said in a statement. “Uber and Lyft are welcome to stay in Austin, and I invite them to the table regardless. Austin is an innovative and creative city, and we’ll need to be at our most creative and innovative now.”

Source & Image : Reuters

 

 

Tags: Cab rideCab sharingLyftTexasuber
Tweet54SendShare15
Previous Post

Your Dose Of Disruptive Tech For This Week !

Next Post

Intex GM Deepak Kabu as Ziox Mobiles new CEO

Recommended For You

Bumble Scraps Signature Rule and Now Allows Men to Make First Move on Dating App

by Shailja Jha
August 13, 2026
0
Bumble Scraps Signature Rule and Now Allows Men to Make First Move on Dating App

Bumble is making a major change to one of the defining features that helped establish its identity in the dating-app industry. The company is now allowing men to...

Read more

Jio Financial Shares Rise After Bank of America Announces ₹18,268 Cr Investment in Jio Credit

by Ishaan Negi
August 13, 2026
0
Jio Financial Shares Rise After Bank of America Announces ₹18,268 Cr Investment in Jio Credit

Jio Financial Services shares surged in early trade on Thursday after Bank of America (BofA) announced a strategic investment in the company's lending subsidiary, Jio Credit. The deal...

Read more

Forbes Fires Top Editor Randall Lane Over Secret $6 Million Payment

by Ishaan Negi
August 13, 2026
0
Forbes Fires Top Editor Randall Lane Over Secret $6 Million Payment

Forbes has fired its longtime top editor Randall Lane after discovering that he secretly received $6 million from the founder of a company that has a business relationship...

Read more
Next Post
Intex GM Deepak Kabu as Ziox Mobiles new CEO

Intex GM Deepak Kabu as Ziox Mobiles new CEO

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at - info@techstory.in

Aviator Game India 2026

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News OpenAI samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2025 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2025 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?