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Uber’s use of surge pricing came under fire again last week when one Halloween reveler took an Uber Black (the company’s higher end option) to get a 20-minute ride home for a grand total of $362.57. When she ordered the ride, she agreed to pay “9x” the usual fare [...]

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Cab companies, normally at odds with each other, are banning together to combat Uber.

Uber, a ride-sharing company recently valued at $18 billion, came onto the scene in San Francisco in 2009. Five years later, the company is operating in over seventy cities worldwide. Uber is disrupting the current taxicab market with its use [...]

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Mobile-based ride-sharing service Uber created quite a stir this weekend, setting a new valuation record for a technology startup in a direct investment round. Injecting $1.2 billion into the San Francisco-based service, investors valued Uber at $17 billion, a dramatic increase from last year’s valuation of $3.5 billion. An [...]

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