I used to follow the primary public company in this space - MFIN - fairly closely. This article seems off base and to disclose I have zero investments in the ar

I used to follow the primary public company in this space - MFIN - fairly closely. This article seems off base and to disclose I have zero investments in the area. The issue here is that when taxi fleets were a regulatory rationed monopoly then the medallions were worth a lot. When tech disrupted hail cabs that collapsed. There really isn’t a private sector “villain” to pin blame on for this. And yes for many years the big owners of medallion fleets had excess influence over the regulators due to classic influence wielding. That blew up when residents of places like NY were vocal that they like Uber-Lyft versus the old system.