Uber ordered to shut down South Carolina operations for now

January 16, 2015 publisher francisco-based, friday-sprint, madrid, order-directed, public-service, smartphone-over, sprint-corp, united, white, white-house

(Reuters) – Ride-sharing company Uber has been ordered by South Carolina regulators to cease operations in the state while it remains in the process of seeking permission to legally do business there. The San Francisco-based company, valued at about $40 billion in its latest fundraising, has touched a raw nerve in many parts of the United States and other countries by threatening to open up often tightly controlled and licensed taxicab markets.

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Uber ordered to shut down South Carolina operations for now