I was an undercover Uber driver

Re:I was an undercover Uber driver by wutbrodo on Thursday May 07, 2015 @01:32AM (#9503436)

> Taxi corps are small, many are essentially sole proprietorships. The drivers are essentially all running their own business, but the medallion owners tend not to be huge corporations.

Do you have a source for this? I'm only familiar with Chicago numbers, but a medallion costs $360,000[1] and the top 2% of medallion owners own FORTY ONE percent of the total[2]. 3/4 of medallions are owned by corporations who own more than 2 medallions (i.e. $720,000 in up-front investment or more).

[1] http://www.chicagobusiness.com/article/20130913/BLOGS02/1309... [2] https://img.washingtonpost.com/blogs/wonkblog/files/2014/06/...

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Re:I was an undercover Uber driver by danieltillett on Thursday May 07, 2015 @03:05AM (#9503658)

In some markets there are medallions that are owned by individual owners and other that can be owned by corporations. Looking at NYC these are both still worth a lot, but they are falling in value thanks to uber and co [1].

1. http://www.nytimes.com/2015/01/08/upshot/new-york-city-taxi-...

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