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Can I ask if this is NYC? If it is, and you throw in the cost of a medallion and the per trip fees, as I suspect Uber or Lyft will one day need to pay...that'd
by opendais 12y ago
Can I ask if this is NYC?
If it is, and you throw in the cost of a medallion and the per trip fees, as I suspect Uber or Lyft will one day need to pay...that'd probably wipe out 100% of that income. [$2500/month + $.50/trip]
- dnautics 12y agoNo, it's not NYC. It's in California, where TNCs have their own regulatory category. Moreover, a large part of the cost of medallions is having jurisdiction-approved-and-calibrated taximeters to ensure that the passenger isn't being stiffed. That's really not an issue with rideshares, since everything is tracked by GPS and there is a pretty straightforward way of challenging an unfair charge. Moreover, as Uber and Lyft increase their marketshare and revenues, their ability to exercise political leverage on bigger jurisdictions, anyways, will increase.