This article, as well as many others about the industry, have pointed out that the collapse was not due to so-called "ride sharing" companies. I think one analy

This article, as well as many others about the industry, have pointed out that the collapse was not due to so-called "ride sharing" companies. I think one analysis said that was less than 50% of what caused the crash. This article, and others, state that the crash would have happened regardless. One of the pieces of evidence is the massive runup of medallion values. It was a classic bubble that was not supported by fundamentals.