#79: Uber Shuts Down in Austin, TX

Uber and Lyft have ceased operations in Austin, TX following a failed vote on a referendum to overturn regulations adopted in December by the city council. The regulations restricted where passengers could be picked up and dropped off, required ride-sharing cars to be clearly labeled with company logos, and mandated data reporting and fingerprint background checks. What does this mean for the future of ride-sharing in Austin? Will other cities follow suit? Jared Meyer, a research fellow at the Manhattan Institute, discuss. For more, see Jared’s op-ed in Forbes.