More Uber cars now drive New York City's streets than yellow taxis. (Tweet This)
The ride-sharing company has 14,088 cars operating in New York, compared to the 13,587 yellow medallion cabs allowed to drive at any one time, the New York City Taxi and Limousine Commission told CNBC on Wednesday. Uber—which is valued around $40 billion—has faced opposition from traditional taxi services since its founding in 2009.
The company allows users to hail a car from a mobile app. Riders pay their fare in advance, a distinct difference from traditional taxis.