The Wall Street Journal: San Francisco cab company sues Uber for antitrust violations

San Francisco’s largest cab company filed a federal lawsuit against rival Uber Technologies Inc., alleging the ride-hailing firm purposefully prices its trips at a loss in an effort to squeeze competitors out of the market and create a monopoly.

The suit, filed Tuesday by DeSoto Cab Company Inc. in the U.S. District Court for the Northern District of California, also claims that Uber flouts public safety measures, promises wages it cannot deliver and raises fares illegally as part of its “surge pricing” practices during peak travel times. DeSoto said it is seeking at least $5 million in damages.

The suit alleges that Uber Chief Executive Travis Kalanick has said his company works to assert market share over competitors “through below-cost pricing.

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