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You too can own a piece of the taxi medallions in New York (or use them as collateral for loans, at least). Medallion Financial Corp is publicly traded (Nasdaq
by hncommenter13 15y ago
You too can own a piece of the taxi medallions in New York (or use them as collateral for loans, at least). Medallion Financial Corp is publicly traded (Nasdaq: TAXI).
Company: http://www.medallionfinancial.com/index.html http://www.medallionfinancial.com/index.html
Quote: http://www.google.com/finance?q=taxi http://www.google.com/finance?q=taxi
- kooshball 15y agoWow they actually pay pretty good dividend.
- salem 15y agoFor now. Uber won't break their business model alone. They will probably maintain a premium for quality. But with the precedent set, other 'brands' will eventually jump in and attempt to duplicate the technology and offer taxi-like service for similar cost, without the medallions.
- knuthsprotege 15y agoBy most accounts, Uber has built a great customer experience. However their technology is not really an exclusive secret sauce. The key in disrupting taxis will likely be scaling a private operation like Uber to where it costs as much or less than taxis currently do, at least on average (hard to do), or to co-opt the current taxi/limo infrastructure to improve the customer's experience and automate things (also not easy). The technology is not a piece of cake, but not rocket science either, and is certainly not the key to the kingdom. Disclaimer: My startup (RideCell) builds automatic request/dispatch/tracking technology for fleets.