You Searched For "taxi medallions" and got 20 results
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2 mins read
Analyst: Investors should short taxi medallions because Uber is destroying the cab business
London taxi drivers have staged protests against Uber (which have served mostly to publicise Uber).…
Jim Edwards
1 min read
Dozens of New York City taxi drivers blocked the Brooklyn Bridge demanding medallion debt forgiveness
The union wants a better restructuring plan for taxi medallion loans. Taxi drivers have been protes…
DeArbea Walker
2 mins read
Barron's said nice things about the taxi medallion company getting crushed by Uber, and now the stock is soaring
Barrons noted that 64% of Medallion's earnings came from consumer loans, and one portfolio manager …
Myles Udland
2 mins read
A mysterious hedge fund just scooped up the foreclosed medallions from New York City's 'Taxi King'
All 46 medallions - the metal plates on yellow cab hoods allowing them to legally pick up street-ha…
Raul Hernandez
2 mins read
An NYC taxi-medallion company plunges 59% after the SEC alleges illegal stock promotion
The SEC said Medallion paid for more than 50 articles and hundreds of positive comments, calling th…
Matthew Fox
2 mins read
A $810 million lawsuit looms over NYC. The state's attorney general claims the city inflated taxi license prices by 240% for more than a decade and defrauded drivers.
A 2019 investigation by The New York Times reported evidence of fraud in a period where medallion p…
Jessica Snouwaert
1 min read
Uber may have reached a tipping point in New York City - and that's bad news for taxis
"We believe that Uber now has a larger share of the mobility 'pie' in New York City than yellow tax…
2 mins read
A Greenwich hedge fund is behind the mysterious buyer of the NYC 'Taxi King's' medallions
Of course, we can't say what MGPE's strategy with the medallions is - but there are more ways than…
Raul Hernandez
2 mins read
Uber is making New York City cab drivers miserable
Last month, a bill that would cap the number of for-hire vehicles given permits was defeated after …
Graham Rapier
2 mins read
New numbers show just how much New York's taxi cab owners have lost thanks to the ascendance of Uber and Lyft
The news is bad, but not catastrophic, according to Matthew Daus, a former commissioner of the Taxi…
Alex Morrell
1 min read
Uber Is Destroying The Value Of Taxi Monopolies In A Bunch Of American Cities
But it underlines a key trend for Uber. Both its revenue and ridership are growing, and municipalit…
Jim Edwards
2 mins read
This is the financial proof that Uber is destroying taxi companies
Medallions used to confer on companies a type of monopoly or cartel - you could not operate a taxi …
Jim Edwards
3 mins read
New York's Likely Next Mayor Is Bad News For Anyone Who Takes Taxis
De Blasio's spokesperson also did not answer a question about whether New York City should welcome …
Josh Barro
3 mins read
Uber and Lyft played a key role in Trump lawyer Michael Cohen's financial downfall
Cohen, who for years has been a close friend and adviser to Trump, has expressed intense loyalty to…
Allan Smith
3 mins read
Uber is vaporizing the taxi industry - so a new startup is raising $250 million to help cabs compete
Data from the Taxi and Limousine Commission analyzed by the New York Daily News shows total trips i…
Maya Kosoff
2 mins read
Uber and Lyft are destroying Chicago's cab drivers
The re-sale value of medallions also reflects waning demand. They're fetching about $50,000 apiece …
Joe Ciolli
2 mins read
New York City's Taxis Could Get Their Own App To Compete With Lyft And Uber
The difference with the app Kallos proposes is that it would either be created or contracted by New…
Maya Kosoff
1 min read
Here are the unique names the NYC 'Taxi King' had for his 22 companies that went bankrupt
Those 22 companies held a total of 46 taxi medallions, the metal plates on the hoods of yellow cabs…
Raul Hernandez
3 mins read
New York City's taxis are being annihilated by Uber - so this startup created an app to help them fight back
When you hail a ride with Arro, taxi drivers nearby see your name and location. You see the taxi dr…
Maya Kosoff
2 mins read
Uber and Lyft are demolishing New York City taxi drivers
People push a stranded taxi cab out of a snow bank in Times Square in New York City, February 17, 2…