Colorado governor signs bill to regulate ridesharing firms

Leading a push to legitimize Internet companies that connect riders to drivers with a few taps on a cellphone app, Colorado has become the first state whose legislature passed a law regulating companies like UberX and Lyft.Gov. John Hickenlooper signed the bill Thursday. “Consumer protection is a worthy goal that we endorse, but rules designed to protect consumers should not burden businesses with unnecessary red tape or stifle competition by creating barriers to entry,” Hickenlooper said in a statement released with the signing.