UBER will not charge London's black cab drivers any commission for the first six months of the deal.
Uber (UBER) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Uber will open up its platform to London's black cabs next year, the ride-hailing firm said on Wednesday, trying to win over the British capital's taxis after a decade of tensions. London's black cab drivers - who have to pass a test called "The Knowledge" requiring them to memorise thousands of routes within the city - have long been at loggerheads with Uber, arguing it threatens their livelihoods. The new service offered by Uber, which will be rolled out in early 2024, will enable black cab drivers to sign up to the app to take booked journeys.