![]() ![]() investors*, more than 80 percent of its $690 million in loans for taxi medallions are at risk of default. According to a recent presentation prepared for Capital One Financial Corp. In 2014, taxi medallions were worth $1 million each today they are worth half that. In just three years, ride sharing services like Uber and Lyft have overturned an entire industry. ![]() “Digital transformation is destroying my business!” This is what I imagine New York taxi medallion owners saying right now. ![]()
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