The rise of Uber is destroying the traditional taxi business, according to this compelling chart from data compiled by the New York City Taxi and Limousine Commission. It tracks sale prices of taxi "medallions," the expensive licenses that give companies the right to operate a yellow cab: The data was compiled by Donut Shorts, a Twitter account for investors. Stocks that track the taxi business are down too (more on that below). The scariest part -- for taxi companies -- is the bottom part of ...
The rise of Uber is destroying the traditional taxi business, according to this compelling chart from data compiled by the New York City Taxi and Limousine Commission. It tracks sale prices of taxi "medallions," the expensive licenses that give companies the right to operate a yellow cab: The data was compiled by Donut Shorts, a Twitter account for investors. Stocks that track the taxi business are down too (more on that below). The scariest part -- for taxi companies -- is the bottom part of ...
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