<br /> According to Digital Trends, New York City is capping ridesharing licenses.<br />The move is seen as dealing a major blow to companies like Uber and Lyft.<br />NYC regulators are hoping to save the city’s integral Yellow Cab system.<br />As such, they are placing a cap on operational licenses granted for Uber and Lyft drivers.<br />Uber and Lyft have threatened Taxicab liveries, stealing a large percentage of their business. <br />The controversy has even led to physical altercations, as drivers have fought for fares. <br />
