Why Uber Is Hailing New York City Cabs

When Uber first started over a decade ago, the company had one huge competitor: The taxi industry. But after both businesses began to stall, the two former enemies began making nice. WSJ's Preetika Rana explains what caused Uber to team up with New York City's yellow cabs, and the company's bigger taxi ambitions. Learn more about your ad choices. Visit megaphone.fm/adchoices