California regulators have approved the nation's and state's first rules for fast-growing ride-sharing companies that connect passengers to drivers via smartphones.
The Public Utilities Commission voted 5 to 0 to let the services -- such as Lyft Inc., Sidecar and Uber Technologies Inc. -- continue to operate, if they comply with basic safety and insurance requirements.
The three companies provide transportation for a fee or donation, connecting paying passengers with drivers who use their own vehicles.
Source: LA Times. Read full article. (link)