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If the medallion is the only way you can be a taxi, then enforce it. If Lyft and Uber are legitimate, then lose the medallion and pay this guy back his $250K.
by rsl7 11y ago
If the medallion is the only way you can be a taxi, then enforce it. If Lyft and Uber are legitimate, then lose the medallion and pay this guy back his $250K.
- deleted 11y ago[deleted]
- randyrand 11y agoA medallion is not and never was the only way to be a "taxi." Yes, there is little difference between street hailing and dispatch these days. But the law never guaranteed them immunity from dispatch innovation. No one was scammed. But you can still feel sorry for the guy. If there is one thing to learn - DIVERSIFY YOUR INVESTMENTS!
- ryanobjc 11y agofair enough, but it's often hard to diversify your time and employment. How do you diversity your investment in your employer?
- anilgulecha 11y agoBy renting out the medallion from owners, instead of becoming an owner. So you'd pay more for the medallion per unit time, but have the freedom of moving onto other services when they become more popular.