Uber’s rise threatened to kill taxicabs. Why its New York City deal signals surrender.
It’s the old saw: If you can’t beat ‘em, join ‘em.
In this case, it’s Uber and the taxi industry.
Uber Technologies’ deal to display New York taxis on its app, one that could be repeated in cities across the country, represents a startling change from how the company was envisioned when it burst on the scene as the bitter enemy to taxicab owners and drivers.