Lee Questions Rideshare Giants Uber and Lyft on Pricing, Antitrust Concerns

WASHINGTON – U.S. Senator Mike Lee (R-UT) questioned rideshare giants Uber and Lyft with antitrust concerns following recent reports regarding their pricing. Senator Lee, who serves as Chairman of the Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights, questioned the companies on market power and concentration in the rideshare industry, transparency practices, information sharing, driver compensation, and the pricing of rides.

In part, Senator Lee wrote:

“As Chairman of the Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights, I take seriously Congress’s responsibility to ensure that markets remain competitive and that American consumers benefit from that competition. Given the scale of your platforms, and the importance of rideshare services to the Americans who depend on them, I write regarding concerns about rideshare pricing, driver compensation, and your use of algorithmic systems in app-based rideshare markets.

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“The Subcommittee intends to monitor these issues closely and may seek additional information.”

Read the full text of the letter here.

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