Ride-sharing startup Lyft expands to LA after making deal with California regulators
Lyft travels to the Grand Canyon on Christmas vacation.
Regulators are in the process of creating laws that address Lyft and the other ride-sharing startups, which will either give them the validity to blossom or clamp down on their nascent growth.
Excerpt from TechCrunch
There’s a ton of good news today for ride-sharing service Lyft. The company has struck a deal with the California Public Utilities Commission that will remove fines and allow it to continue operating in the state. It also announced plans this morning to expand its service to Los Angeles. The move into L.A. marks the first expansion market for Lyft…
Some might say that ride-sharing companies are currently operating illegally, while others would argue that they’re operating in a legal gray area. What’s clear right now is that they don’t fit under the PUC’s current regulatory framework.