The Competition and Consumer Commission of Singapore (CCCS) has fined both ride firms Grab and Uber a total of $13 million dollars over their merger, stating that the merger had led to an eroding of competition in the market.
Uber was fined $6.58m, while Grab was fined $6.42m. Both Uber and Grab still maintain that the decision was inappropriate, as the CCCS made it based on a narrow definition of the market. Grab also maintained that they did not break any competition laws.
With these high fines imposed, what would it mean for the riders and drivers of Grab? Will they be charged more, and will the Grab drivers see their sahre of earnings dwindle?
