+28 28 0
Published 6 years ago by geoleo with 1 Comments
by geoleo
6 years ago 1

Taxi Medallions, Once a Safe Investment, Now Drag Owners Into Debt

Some taxi owners say they cannot hold on much longer as they lose riders and fares to Uber and other rivals, and their taxi medallions plummet in value.

Continue Reading https://www.nytimes.com

Join the Discussion

  • Auto Tier
  • All
  • 1
  • 2
  • 3
Post Comment
  • sugartoad
    +3

    End of the medallion system, good. Bankrupting cab-owners/drivers, not good. There is always a cost to innovation.

    6 years ago
    Reply
    Save

Here are some other snaps you may like...

discover your
interests.

Check out our front page for a lot more stuff!

Why Are There So Damn Many Ubers?

A Taxi Driver Took His Own Life. His Family Blames Uber’s Influence.

Uber is under federal investigation for spying on Lyft drivers

Maybe Taxi Drivers Don’t Hate Progress, Maybe They Just Don’t Want To Be Poor

NASA contracts Uber to build flying taxi air control software