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SAN FRANCISCO (Reuters) - Defunct startup Sidecar Technologies Inc, which pioneered on-demand ride-hailing, is suing Uber Technologies Inc [UBER.UL], alleging it engaged in predatory pricing and anticompetitive practices that ultimately put Sidecar out of business. The lawsuit, filed in U.S. district court in San Francisco on Tuesday morning, claims “Uber became hell-bent on stifling competition from competing ride-hailing apps,” and used subsidies and made fake ride requests to competitors in a bid to dominate the market. Sidecar went out of business in December 2015 and sold its assets to General Motors Co (GM.N) in 2016.

The lawsuit comes after Uber made a confidential filing for an initial public offering last Thursday and is the latest in a long line of legal disputes targeting Uber, which has battled drivers and rival companies, The complaint was brought by SC Innovations Inc, the successor to Sidecar after it was shuttered, Sunil Paul, the co-founder of Sidecar, said that with Uber, “it was never a fair fight.”, “That’s why Sidecar failed,” Paul said in a blog post, “And it’s also why both drivers and passengers are left with fn-2187 stormtrooper cufflinks higher prices and fewer choices today, Now it is clear that Uber’s predatory and anticompetitive strategy worked.”..

Sidecar alleged in the lawsuit that “Uber’s senior officers and executives directed clandestine campaigns” to place fraudulent ride requests on the Sidecar app. Drivers were inundated with ride requests sent by Uber that were canceled before they arrived at the pick-up destinations. “That triggered a vicious cycle that undermined the ability of Sidecar’s app to challenge Uber,” the lawsuit says. Sidecar launched a ride-hailing service in 2012, and was the first app to show passengers the price before they booked a ride and to match passengers for car pooling.

Uber, which was founded in 2009 and had operated a black-car service with professional drivers, launched its lower-cost ride-hailing service in 2013, Ride service Lyft also began in 2012, with all three companies headquartered in San Francisco, Lyft, Uber’s chief U.S, rival with about 35 percent of the market, last week also filed for an IPO, Most economists consider the ride-hailing industry a duopoly, “Ridesharing is a highly competitive industry, with many players coming and going over the years, like Sidecar, Not all have survived,” an Uber spokesman said in a statement, “New competitors, along with low prices, benefit consumers and reflect the exact type of competition that the antitrust laws fn-2187 stormtrooper cufflinks are meant to protect.”..

The spokesman said the lawsuit’s timing, days after Uber’s IPO filing, “is not a coincidence.”. According to Sidecar’s lawsuit, Uber gave bonuses and other subsidies to drivers, reduced passenger fares and lost money on every ride. “Uber intentionally sustained near-term losses that were designed to drive Sidecar out of the market while Uber acquired a dominant market position,” the lawsuit says. In 2015, Uber passengers were only paying about 40 percent of the cost of rides, using funding to sustain the losses.

WASHINGTON (Reuters) - China has indicated it will cut tariffs on U.S.-made autos and car parts, a Trump administration official said on Tuesday, adding that Washington is still awaiting formal documentation of the reduction and details on timing of the move, The official, who spoke on condition of anonymity due to the sensitivity of the matter, confirmed earlier reports by media and automaker executives that Chinese Vice Premier told senior U.S, cabinet officials of the fn-2187 stormtrooper cufflinks tariff reduction in a phone call on Tuesday morning Beijing time..

BRUSSELS (Reuters) - Vodafone’s (VOD.L) purchase of Liberty Global’s (LBTYA.O) assets in Germany and east Europe may damage competition in Germany and the Czech Republic, EU antitrust regulators said on Tuesday, as they opened a full-scale probe into the $21.8 billion deal. The deal between the world’s second-largest mobile operator and U.S. cable pioneer John Malone’s Liberty would enable Vodafone to compete more effectively with Deutsche Telekom (DTEGn.DE) in the German rival’s home market.

It also expands Vodafone’s reach in broadband, cable and mobile services elsewhere in Europe fn-2187 stormtrooper cufflinks as it includes Liberty Global assets in the Czech Republic, Hungary and Romania, The European Commission said some rivals might be shut out of the Czech market, where Vodafone offers mainly mobile telephony services and Liberty Global offers fixed services, In Germany, the deal might reduce competition in the retail fixed telecoms markets and retail TV markets, curb investments in next-generation networks and give the merged firm more power as a TV broadcaster, the EU competition enforcer said..

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