Yellow Cab to file for bankruptcy

San Francisco’s largest taxi company is edging toward filing for bankruptcy. Yellow Cab Co-Op said challenges from tech rivals Uber and Lyft, as well as mounting lawsuits from traffic collisions contributed to the fiscal Hail Mary. Those “rideshare” companies are headquartered in San Francisco – their home turf. Regular cab operations will not be affected in the near future and Yellow Cab has no plans to close if it can successfully restructure, representatives said.
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