Uber, Lyft And No More Loans: Twilight Is Here For Big-City Taxi Barons

Aug 7, 2015
Originally published on August 7, 2015 7:23 am

Not too long ago, a New York taxi medallion was worth more than a million dollars. Gene Friedman managed to buy more than 1,000. But that was before Uber, and now people like Friedman face bankruptcy.

Listen to the full story by Planet Money.

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