Uber drivers rally against fare cut

- A strike was underway Monday by Uber drivers in New York City in response to new price cuts by the app-hailing car service.

The price drop of 15 percent is being derided by the drivers who say the company is being greedy and taking advantage of them. 

Drivers rallied outside Uber's headquarters in Long Island City.

Uber's drivers aren't the only ones upset with the price drop.

Taxi drivers with the New York Taxi Workers Alliance were outside Uber's headquarters Friday morning demanding Uber reinstate its fares and asking the City Council to step in and regulate the industry.

A trip from Midtown to LaGuardia airport it will now cost $37.12 Instead of $43.67.

Uber NYC GM Josh Mohrer says the taxi industry doesn't like competition because they haven't had any for decades. He also said yellow taxi drivers are leaving to join Uber.

Uber decreased its prices back in 2014. An Uber driver we spoke to says she did see the benefit back then and is hoping to see more money this time around.

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