Uber, Lyft And No More Loans: Twilight Is Here For Big-City Taxi Barons Not too long ago, a New York taxi medallion was worth more than a million dollars. Gene Friedman managed to buy more than 1,000. But that was before Uber, and now people like Friedman face bankruptcy.
NPR logo

Uber, Lyft And No More Loans: Twilight Is Here For Big-City Taxi Barons

  • Download
  • <iframe src="https://www.npr.org/player/embed/430221591/430221592" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Uber, Lyft And No More Loans: Twilight Is Here For Big-City Taxi Barons

Uber, Lyft And No More Loans: Twilight Is Here For Big-City Taxi Barons

Uber, Lyft And No More Loans: Twilight Is Here For Big-City Taxi Barons

  • Download
  • <iframe src="https://www.npr.org/player/embed/430221591/430221592" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Not too long ago, a New York taxi medallion was worth more than a million dollars. Gene Friedman managed to buy more than 1,000. But that was before Uber, and now people like Friedman face bankruptcy.

Listen to the full story by Planet Money.