Uber's European rival Bolt enters London market, again

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Uber's European rival Bolt enters London market, again
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Estonia's Bolt, which until early 2019 was called Taxify, will on Tuesday r...

FILE PHOTO: A Bolt sign is seen on the taxi car in Riga, Latvia April 9, 2019. REUTERS/Ints Kalnins

The move comes a month after Uber drivers in London joined a series of strikes to protest the disparity between gig-economy conditions and the massive $82 billion valuation at Uber’s stock market debut. Uber takes around 25% cut from drivers using its app. Bolt promises to charge in London in first two months just 7.5% and later 15%, arguing happier drivers provide a better service.

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