Uber Reverses on Hurricane Sandy Cab Price Hike in New York

Uber, which offers mobile software for booking black cars and other rides, hikes prices during peak times.

From Bloomberg’s Tech Blog: Uber, the car service that lets people summon rides via a smartphone app, was hit with its own storm this week when New Yorkers accused the startup of unfairly profiting by charging higher rates in the wake of Hurricane Sandy.

The San Francisco-based company, which said on Sunday it would enable “surge pricing,” backtracked today and announced it would return to standard fares for customers and eat the costs of paying drivers extra.

Read the full post at  Tech Blog

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