Australia blocks new ridesharing apps to protect its taxi industry

Uber is overwhelmingly popular in Australia with one million rides made so far, but a new competitor has sparked local lawmakers to push back against more similar apps coming to the country. A draft ruling from the Australian Competition and Consumer Commission said today that it expects it will block taxi-booking company Cabcharge from introducing an app that would rival Uber. The app, called iHail, was expected to launch in Australia soon, but lawmakers fear that it would quickly squish the existing taxi industry. Reuters reports that a statement from the department said that it was concerned “iHail would achieve a potentially dominant position due…
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