New blow for Uber as top EU court says it’s a taxi company

Associated Press ---------- Ride-hailing service Uber suffered a new blow Wednesday as the European Union’s top court ruled that it should be regulated like a taxi company and not a technology service, a decision that crimps its activities around Europe and could weigh on other app-based companies too. Taxi drivers honked in celebration while Uber — which is wrapping up a particularly punishing year — sought to play down the ruling Wednesday by the Luxembourg-based European Court of Justice. The decision might only affect its operations in four countries, and the company said it will try to keep expanding in Europe anyway. The decision in theory applies to ride-hailing services around the 28-nation EU. But the ruling leaves it to national governments to decide how and whether to change the way they regulate Uber and similar services, which have expanded rapidly in recent years. To learn more click on the picture below to read the article.