Monday was a rough day for ridesharing companies in Seattle, as Geekwire reports that the city council voted to approve a cap on ridesharing programs. The council voted unanimously to limit the number of cars allowed on Seattle roads to 150 per company, separating the regulations of a “transportation network company” from the longstanding Seattle taxi and for-hire service. The ordinance is expected to go into effect 30 days after Seattle mayor Ed Murray signs it (he has no veto power as the vote was unanimous). It’s a crushing blow to ridesharing companies that have set up shop in Seattle and see it as a key to the Pacific Northwest.
Related research and analysis from Gigaom Research:
Subscriber content. Sign up for a free trial.