Identified Symbols
UBER -0.87%
SPX -1.23%
Shares of Uber Technologies Inc. BER, -0.87% rose above 5% in retail sales on Thursday after the report that the company had entered into an agreement to list all New York City taxis in its operating system. New York City Taxis regulated by the Taxi and Limousine Commission use their own technology programs, which will be integrated with Uber's as part of a partnership so that passengers can congratulate taxi riders through the app. Uber plans to do so so that passengers are charged almost the same price for taxi bookings as they are charged for riding with Uber X, according to the report. Uber intends for the donation to be made available this spring. The agreement shows how Uber is progressing in the global transport market as the car company now intends to list traditional taxis in its operating system, according to The Wall Street Journal. Uber shares fell nearly 25% over the past three months as the S&P 500 SPX, -1.23% lost about 6%.
