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Uber prices Vs Yellow Taxi fares!

Added about 2 years ago | As appeared first on technologyreview.com | Author: Emerging Technology From the arXiv Contributor
The crowdsourced cab service, Uber, is currently taking the world by storm. Commuters use the service's smartphone app to order a car, a request that is forwarded to the nearest available driver who then makes the pick-up. Uber itself determines the cost of the fare so no money changes hands in the cars. Uber determines its fares by the service it offers, by the time a journey takes and sometimes by the distance traveled. The price also increases when demand is higher. On New Year's Eve in 20...
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