Uber expands on taxi strategy by adding New York City's yellow cabs to app

The company said it planned to include every taxi on its Uber app by 2025 and last year added 122,000 new taxis to its platform.

Uber Technologies Inc on Thursday said it will list New York City's iconic yellow cabs on its app, a move that marks the company's latest expansion into the taxi market and could help the ride-hailing giant overcome a driver shortage in its biggest U.S. market.

Uber during its recent investor day in February outlined taxis as a major growth opportunity, calling it a highly fragmented $120 billion industry with 20 million active vehicles - more than five times the number of Uber's own pre-pandemic vehicle base.

The company said it planned to include every taxi on its Uber app by 2025 and