Uber Algorithm Alleged To Constitute Price-Fixing
Source: The New York Law Journal. Reprinted with permission.
A class action complaint sufficiently alleged that Uber’s pricing algorithm amounted to price-fixing among drivers, according to a district court in Manhattan. The Department of Justice persuaded a district court to block a bankruptcy proceeding bid by the publisher of the Los Angeles Times to purchase rival local daily newspapers, arguing that the combination would lead to a monopoly.
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