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Uber News: Nevada Exodus, Medallions Devalued and Class Action Suits Galore

Uber news doesn't quit for Turkey Day.

Nitrozac & Snaggy

Uber news doesn’t quit for Turkey Day.

Late Wednesday, the ride-hailing company stopped service in Nevada following a preliminary injunction issued by a state court judge. Uber characterized the move as a loss of 1,000 jobs, and sent a $100 Thanksgiving bonus to affected drivers.

Uber had launched in the state without regulatory approval in late October, following years of not operating in one of the most cab-oriented cities in the world, Las Vegas, in part because the state legislature only meets every two years and the next meeting isn’t until 2015.

Meanwhile, the New York Times got the New York Taxi and Limousine Commission to review its data on taxi medallions, which had showed flat pricing over the past year due to some really bad accounting.

In fact, the cost is plummeting. The cost to buy an individual New York taxi medallion, which entitles the bearer to accept street hails, is now at $872,000, down from $1.05 million in June 2013.

The TLC’s previously published numbers were bad because, “the commission excludes from its statistics any transaction at a price more than $10,000 below the previous month’s reported average,” the Times reported.

Prices are also falling in Chicago and Boston, and everybody blames Uber.

The rest of the Thanksgiving week action was mainly in the courts. A California judge on Wednesday ordered Uber CEO Travis Kalanick to turn over emails related to tipping policies. Plus, there’s a new class action complaint on behalf of drivers who got cut off from Uber because of bad credit, and another over fake tolls charged to Uber riders at Logan International Airport in Boston.

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