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How the Taxi Workers Won

“Then, in 2011, Uber arrived in New York. Lyft followed in 2014. Tens of thousands of additional cars flooded the streets, and yellow cab ridership fell by half. In late 2014, the medallion bubble burst. By 2018, medallions were selling for as little as $160,000. Seeing an opportunity to make a profit, Marblegate Asset Management, […]