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

By
Robert Smith
Morning Edition | Aug 7, 2015

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.

Copyright 2015 NPR. To see more, visit http://www.npr.org/.
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