In the war between an actor turned tech investor and a big government-loving mayor, the free-market won.
New York City Mayor Bill de Blasio has called it quits on a proposal to limit the growth to one percent per year for ride-sharing companies like Uber and Lyft.
The New York Times reported on Wednesday that the city will be conducting a four-month study of congestion, traffic, and pollution that Uber may be contributing to, but the City Council will not vote to limit the company's growth. A vehicle cap may be possible in the future if they can find that the company has a negative impact to the city.
The Democratic mayor lost a very public fight with one of Uber's financier's Ashton Kutcher. The actor had taken to Facebook and Twitter to bash the anti-business proposal along with several celebrity friends including Neil Patrick Harris and Kate Upton.
Uber NYC's general manager Josh Mohrer released a statement Wednesday that praised the agreement reached by the car service and the Mayor's office.
"We’re pleased to have reached an agreement with Mayor de Blasio’s administration and the City Council to collaborate on a joint transportation study and to work together on ways to continue expanding economic opportunity, mobility and transportation access in the city," Mohrer said.
"We are pleased new drivers will continue to be free to join the for-hire industry and partner with Uber. Together, we can build an even better, more reliable transportation system. This is great news for all New Yorkers, including Uber riders and drivers."