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Any idea how much revenue & profit all those NYC cab companies we're bringing in?

• thaumasiotes 8y ago
  It would have to be tons, based on market prices for medallions before Uber.
  • bunderbunder 8y ago
    That was a result of a huge economic rent (caps on the supply of medallions in order to prevent competition) that Uber crushed. Rides are a bit like diamonds: The only thing keeping the prices up was a cartel.
    • deleted 8y ago
      [deleted]