Recent news exposing Uber's price surging discredits the ride share company's claims that they provide a cheaper service. They also highlight why the vast majority of sensible governments regulate the price of commercial passenger services such as taxis - it is to protect the public from the pricing practices of less scrupulous providers when the consumer is at their most vulnerable.  

These stories further highlight the significant deficiencies of the ride share business model. Recent commentary regarding the ride share model promoted, and provided by companies like Uber, has highlighted the fact that these services do NOT use properly accredited drivers and properly licensed or insured vehicles.

Details on the issue of Uber's price surging can be found via the below links:

Taxi surge tipped for New Year's Eve in Melbourne
Dec 30, The Age

New Year's Eve Sydney: Uber under fire for inflated 'dynamic pricing' fares
Dec 30, Sydney Morning Herald

Sydney New Year's Eve: Uber's $213 fare from city to Coogee
Jan 2, Sydney Morning Herald

Uber intros surge pricing during Sydney hostage siege, then backtracks after user outcry
Dec 15, Mashable Australia

Uber hikes rates in Melbourne, axes fixed-price airport trips
Nov 4, Australian Business Traveller