I read it differently. This legislation is good for Uber, because it lays the groundwork for severe regulatory capture where Uber can use the cap to prevent com

I read it differently. This legislation is good for Uber, because it lays the groundwork for severe regulatory capture where Uber can use the cap to prevent competitors from having any chance to gain critical customer bases. It’s an anti-competition decision disguised as if city hall is doing something for the people. Now Uber just has to lobby to have its cap raised or be allocated a greater portion, and steadily push others out. This way Uber can get the transit monopoly it wants but without having to do the hard work of making the product profitable at a price point that drivers and riders actually value, which it currently papers over with VC funding and distraction stories about branching into other lines of business that are clearly not significant.