Most Popular Ride Sharing Service in New York City

A ridesharing company (also known as a transportation network company, ride-hailing service, or a mobility service provider) is a company that matches passengers with vehicles (which can include aircraft and watercraft), via websites and mobile apps. Ridesharing companies are examples of the sharing economy and shared mobility. Legal definitions include "a company that uses an online-enabled platform to connect passengers with drivers using their personal, non-commercial vehicles" and a company that "provides prearranged rides for compensation using a digital platform that connects passengers with drivers using a personal vehicle." Ridesharing companies have been noted for providing service in less populated or poorer areas that are not regularly served by taxicabs, and charging lower rates than taxicabs, since taxicab rates are often set by local jurisdictions. Studies are inconclusive on whether ridesharing companies reduce drunk driving rates in cities where they operate, with some studies showing that it depends on the city. Ridesharing companies are regulated in most jurisdictions and have been banned in a few jurisdictions. Regulations can include requirements for driver background checks, fares, the number of drivers, licensing, and minimum wage. Airport taxi drivers in some places spend more than $3,000 annually on required commercial permits and insurance. For more information, see Legality of ridesharing companies by jurisdiction. A favorable regulatory environment has contributed to the success of ridesharing companies. Music: VEACESLAV DRAGANOV | ROYALTY FREE MUSIC LICENSING

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