I'm not sure where the argument took place, but in NYC services like Uber have caused Taxi Medallion prices to drop severely: http://www.businessinsider.com/ny

I'm not sure where the argument took place, but in NYC services like Uber have caused Taxi Medallion prices to drop severely: http://www.businessinsider.com/nyc-yellow-cab-medallion-prices-falling-further-2016-10 http://www.businessinsider.com/nyc-yellow-cab-medallion-pric... Some operators are losing much more than 97k.