5 ms·
Even if the cabbies as a group wanted the medallion system at some point in time the guy who took his own life probably didn't create it. He was just "playing t
by jsiepkes 8y ago
Even if the cabbies as a group wanted the medallion system at some point in time the guy who took his own life probably didn't create it. He was just "playing the game as it had been created". Then all of a sudden when he is pretty much all in, some VC decides to change the rules of the game. If someone comes along to "disrupt" the market (which just happens to be your life) and is willing to burn billions and billions of dollars on it (Uber has yet to make a dime of profit) I can imagine one would become desperate....
- smileysteve 8y ago> some VC decides to change the rules of the game The regulation part of the medallion system was to limit cabs cruising the streets looking for pickups. Shuttles, Black cars, and personal drivers were already able to pre-arrange pickups at a specific location`. Do I think ride sharing blurs this line when cars don't pull on side streets for pick up? sure. `depending on code
- derangedHorse 8y agoUber HAS recently turned profit.
- cjhopman 8y agoRight. They sold off a large part of their company and so, in Q1, they made a profit.