Uber, Lyft and the hard economics of taxi cab medallions

Home / Editor’s Picks / Uber, Lyft take down not just cab drivers, down not just cab drivers, but also lenders. By:. loaning money against taxi cab medallions, the hard-to-get licenses that.

NYC "Banned" new cab medallions fixing the number back in the 1950’s I believe. Over they years the value grew exponentially kind of like machine gun values. Uber is doing to medallion values what a general NFA Amnesty would do to the price of machine guns.

It is no secret that taxi company profits have taken a major hit because of competition from ride-sharing services such as Uber and Lyft. Some cab companies have tried to recoup their losses by.

Uber, Lyft and the hard economics of taxi cab medallions. The Washington Post – By Roger Lowenstein , Observers have been flagellating Uber for its supposedly disastrous initial public offering because the ride-hailing giant fetched a market value of (only) $75 billion and because the stock has fallen further in the aftermarket.

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Taxicab Medallion Systems: Time for a Change.. The response from the established cab companies, then as now, was an appeal to government to keep the new entrants out of existing markets.

NEW YORK (AP) – Ride-hailing apps such as Uber and Lyft have been so disruptive to New York City’s taxi industry, they are causing lenders to fail. Three New york-based credit unions that specialized in loaning money against taxi cab medallions, the hard-to-get licenses that allow the city’s traditional cab fleet to operate, have been placed into conservatorship as the value of those.

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 · NEW YORK (AP) – Ride-hailing apps such as Uber and Lyft have been so disruptive to New York City’s taxi industry, they are causing lenders to fail. Three New York-based credit unions that specialized in loaning money against taxi cab medallions, the hard-to-get licenses that allow the city’s traditional cab fleet to operate, have been placed into conservatorship as the value of those.

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Three New York-based credit unions that specialized in loaning money against taxi cab medallions, the hard-to-get licenses that allow the city’s traditional cab fleet to operate, have been.

Yet we should not overlook the major economic impact of Uber (and its main competitor Lyft). According to. a heavy interest in keeping the taxi industry alive because they borrowed a ton of money.