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Uber has made an agreement to integrate New York City's yellow taxi cabs on its app starting summer this year. The deal also marks the end of the rivalry between Uber and the yellow taxis of NYC.
Uber's stock jumped on Thursday's news that the rideshare company would list NYC taxis on its app.
The surprising shift, which comes as Uber has faced opposition from taxi groups for years, is part of a partnership with taxi-hailing apps Curb and Creative Mobile Technologies to offer more transportation options for riders and more trips for drivers.
Uber's stock jumped on Thursday's news that the rideshare company would list NYC taxis on its app.
Uber, hit by driver shortages and a surge in food delivery requests during the pandemic, will list New York City taxi cabs on its app, a partnership that until recently would have been unthinkable with both camps fighting ferociously for the same customers.