There is an impending pull out of market from Uber and Lyft in Austin, TX after a ballot measure loss on Saturday that would have allow the ride-hailing companies to self-regulate their drivers.
Uber and Lyft are welcome to stay as long as they comply with city's new regulations which include fingerprinting and displaying emblems on cars. The city mayor, Steve Adler said new negotiations with the companies will be welcomed, Market Watch reports.
"As I talked to voters at the polls and on the phones, many of them like Uber's service and Lyft's, they use it," Austin Mayor Pro Tem Kathie Tovo told TV station KXAN. "But they drew the line at allowing them to write their own rules."
