Ride Sharing Services Regulated In California

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HFA Staff
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California has become the firs state in the Union to regulate ride-sharing services according to news breaking this afternoon. Ride-sharing services, commonly known as hitch hiking and car pooling, have been popping up online. These services encourage people to share their cars in order to get to destinations in a more cost efficient and energy conservative way. The most commonly used site for ride sharing is Craigslist. The site, which acts as a simple virtual noticeboard, is not the easiest of places to regulate and has garnered a reputation for being dangerous. The California law is aiming more steadily at…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.