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FBN's Rich Edson on Washington considering regulating the mobile car service app Uber.
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I'm car service -- phone app called what is now called the driver sad that he wanted to get past.
Ha.
Really.
Yes over -- the -- gonna talk about getting some positive feedback from its users but does some cities are looking to pump the brakes on this popular application rich ads and joins us from the streets of well if you don't -- Really know what Hoover is basically it's competition think cab let's say I wanna have but I don't wanna wanted to cash you get the act out this is the Hoover -- -- tells me.
I've got about -- three minutes away -- my bosses I've found so sorry -- be picking up the -- here three minutes away.
After exchange any cash it's all gone through the -- put your credit card in.
Though there is in competition with cab drivers in cities had some problems with this and you've got cities like Boston.
And Washington DC.
That are trying to bring them into the regulatory regime so that's one thing that Hoover and their competition the cab drivers seem to agree with here in Washington DC.
It's that the DC government with regulations is distorting the free market.
Whether it's -- who comes along and is able sent provide a low cost option.
Or someone else in this market we believe that it's not the government's job to create a price floor on and prevent competition.
They have taken the free market out of the system.
They handicapping us and saying we what you work for nothing.
At the same time they're allowing other people to come in as that don't prices.
So this issue is still work its way through the DC council how to regulate and what level the regulator over -- that comes forward next month here in DC.
Back to you thank you Richard Jensen in the streets.
