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Taxi company using app to attract fares

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The company, Uber, is making it cheaper to get a ride from their drivers than from a Yellow Cab. (Source: CNN) The company, Uber, is making it cheaper to get a ride from their drivers than from a Yellow Cab. (Source: CNN)

(CNN) – Next time you need a cab in New York City, Atlanta or San Francisco, consider using your smartphone instead of standing at the curb.

A car-hailing app is waging a price war in New York City.

The company, Uber, is making it cheaper to get a ride from their drivers than from a Yellow Cab, the company said Monday.

The 20-percent rate cut is an experiment, but it could become permanent if demand goes up.

Uber is slashing fares in other cities, too.

Atlanta and San Francisco rates were cut 25 percent this summer.

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