Cab companies weren't mom and pop shops, though (at least not in the sense you're getting at). In fact, obtaining a medallion was a substantial investment ($1M+

Cab companies weren't mom and pop shops, though (at least not in the sense you're getting at). In fact, obtaining a medallion was a substantial investment ($1M+ in some cases[1]). It's not particularly difficult to make the argument that scooters are a niche market at best. [1] http://blogs.reuters.com/felix-salmon/files/2011/10/1021-met-TAXIweb.jpg http://blogs.reuters.com/felix-salmon/files/2011/10/1021-met...