The Epic Rise and Hard Fall of New York’s Taxi King

1448 Rider

Posted 4 years, 4 months ago

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Angry Drivers

Passengers from hell? Complaints or suggestions for Uber and Lyft? Glaring problem with the industry? Do you have stories of your horrible experiences with rideshare services? Leave your comments here and share your stories.

Posted By

Dmitry Samarov (Samarov)

1448 Rider

Ride Scholar from Chicago, Illinois

Retired Cabdriver, Chicago

I write dog portraits and paint book reviews in Chicago, Illinois. You can see more of my work than anyone would ever want to at http://dmitrysamarov.com.

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Good riddance.

Comments

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lionfool
236 Rider Driver
4 years ago
If you have not followed the NYTimes investigation into mediallions start here. Crushing to read it.
https://www.nytimes.com/2019/05/19/nyregion/nyc-taxis-medallions-suicides.html?auth=login-email&login=email

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chawes
756 Rider Guru
4 years ago
Wow. The situation with medallions was even worse than I realized.
In several articles this year, an investigation by The New York Times found that government officials stood by as industry leaders artificially inflated medallion prices and channeled immigrant drivers into loans they could not afford to purchase the permits. The leaders reaped hundreds of millions of dollars before the bubble burst, wiping out thousands of buyers who are still mired in debt today.

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