Uber and Lyft announce creepy new ride-share cartel

Published February 5, 2018 6:16pm ET



And when there were no more cab cartels to crush, Uber and Lyft decided to organize their own. The ride-share giants just announced a new regulatory cabal to lobby the government on autonomous vehicles and to smother new competitors in the cradle.

Along with more than a dozen other companies, the pair signed something called the “shared mobility principles for livable cities.” Most of the outlined principles are feel-good, tech gobbledygook. The 10th is terrifying: “autonomous vehicles in dense urban areas should be operated only in shared fleets.”

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