Uber cuts ride-share prices below taxi fares
Uber is now offering its ride-sharing service -- which lets users get rides from people in their personal cars -- at prices lower than taxi cabs, the company announced today.
The peer-to-peer service uberX, which mimics the models of companies like Lyft and Sidecar, will now have fares in San Francisco that are 10 percent lower than taxi prices, according to Uber. San Francisco is just now seeing this competitive pricing that Uber's other ride-share cities already have, aside from New York. UberX in Seattle, San Diego, Los Angeles, Chicago, and Boston are cheaper than taxis.
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