Uber Caps Surge Pricing Because It's The Law
Ridesharing-service Uber says it will cap its rates in markets where a state of emergency is in effect.By Mikah Sargent | January 27, 2015
The massive snowstorm currently blanketing the Northeast has ridesharing-service Uber promising to do a bit of good this time around. (Video via WKBW)
Uber has a built-in fare multiplier called “surge pricing.” When the service gets busy, fares get more expensive until enough Uber cars are available — the fare multiplier is essentially an incentive for drivers to become available for rides.