Massachusetts to tax ride-hailing apps, give the money to taxis

Privacy breach: 674 Uber drivers in the US were believed to have been affected by the breach, said Uber.

Massachusetts is preparing to levy a 5-cent fee per trip on ride-hailing apps such as Uber and Lyft and spend the money on the traditional taxi industry, a subsidy that appears to be the first of its kind in the United States. 

Republican Governor Charlie Baker signed the nickel fee into law this month as part of a sweeping package of regulations for the industry.