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A comment on End of the Line for Uber. Parent comment

Re:End of the Line for Uber by JohnJamesRambo on Tuesday August 17, 2021 @09:28AM (#28209603)
They are talking about the owner of the whole cab company making 75k.
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Re:End of the Line for Uber by prepend on Tuesday August 17, 2021 @09:37AM (#28209684)
No, I don’t think so. That’s earnings for a single medallion.

Cab companies might own hundreds if not thousands of medallions.

For example, a single private equity firm owns about 4,000 New York medallions [0].

Most medallions are owned in pools by private firms.

[0] https://www.ny1.com/nyc/all-boroughs/news/2021/04/01/private...

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Re:End of the Line for Uber by michaelt on Tuesday August 17, 2021 @10:11AM (#28210056)
Medallions sound like a truly bizarre and unfair system.

And if Uber operated exclusively in New York, we could accept they had a profitable-sounding business model: bypassing that system.

But given that Uber has expanded into many other cities and countries, 99% of which don't have medallions, it's pretty clear that merely bypassing the medallion system isn't their business model.

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