Uber and Lyft Say Goodbye (For Now) to Austin

An anti-Uber sign in Lisbon, Portugal Rafael Marchante / Reuters

The ride-sharing companies Uber and Lyft said Monday they’d stop service in Austin, Texas, because voters rejected a proposal that would have loosened regulations on the two companies.

Last year, Austin’s City Council approved a proposition that would hold Uber and Lyft to similar standards as cab companies, including fingerprinted background checks for drivers. Both companies supported a new proposal that would have...

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