NYC Mayor de Blasio backs down on Uber cap — for now

Just one day before the New York City Council's vote, Mayor de Blasio backed away from his tenacious fight with ride-sharing service Uber.
The mayor wanted to cap the number of vehicles operating within the Uber network, sparking fierce backlash from the company, its die-hard followers, and even some high-profile celebrities. As part of today's agreement, the City Council postponed the vote on a growth cap while the city conducts a four-month study of the effects Uber and other similar companies have on traffic and the environment.
While Uber may have temporarily won the right to continue to grow in New York City, Uber lovers shouldn't get too excited yet: City officials said that a growth cap will remain a possibility in the future.
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