Uber and Lyft’s board would absolutely loose their mind if executive leadership decided to just exit, once again, the 5th largest economy in the world
Stopping service now would leave customers scrambling, but would also give them a strong incentive to vote for that proposition in November.
Although I'm sure the companies will say these two things are not connected in any way.
The real threat, as I see it, is other states enacting similar laws that will have a domino effect.
> “In 2018, we derived 24% of our Ridesharing Gross Bookings from five metropolitan areas — Los Angeles, New York City, and the San Francisco Bay Area in the United States; London in the United Kingdom; and São Paulo in Brazil,” Uber writes in the S-1. “An economic downturn, increased competition, or regulatory obstacles in any of these key metropolitan areas would adversely affect our business, financial condition, and operating results to a much greater degree than would the occurrence of such events in other areas.”
[0] https://nymag.com/intelligencer/2019/04/uber-s-1-new-york-ci...
If and when the law shows that these new taxi services can't operate as efficiently before for drivers and consumers then I'll put the blame on the government, not the businesses throwing a tantrum over being regulated.
I really don't have sympathy for these organizations that have made antagonism a core value.