New York Post – by Michael Gartland
A year after then-Mayor Michael Bloomberg vowed to “destroy” the yellow-cab industry, his allies and surrogates are pouring energy and cash into ride-sharing ventures fiercely opposed by New York’s hacks and medallion owners.
Lyft — the ride-share startup known for its “suggested donations” and giant pink moustaches affixed to the grills of its cars — got a cool $60 million last year from Andreessen Horowitz LLC, a venture capital firm that counts Bloomberg LP as a key investor. Bloomberg LP poured “tens of millions” into Andreessen, a source said. Continue reading “Bloomberg, allies pouring money into Lyft and Uber”