Uber: Tech Darling or Tech Devil?

How Many F's in Finance?

In New York City, taxi cab drivers found that they were only making $9 an hour after paying medallion lease fees. Every official voice that cabbies heard encouraged them to buy a taxi medallion for themselves. Unfortunately, Federal Reserve policies had pushed up the price of all assets. So cabbies decided to borrow enormous sums from finance firms and purchased medallions for 600, 700, and even 800 thousand dollars. But just like that meteorite that struck the Earth and made dinosaurs extinct, Uber showed up and annihilated yellow taxi and black car drivers. Medallions eventually crashed to a an absurdly low level of $80,000. Was Uber clearly superior to yellow cabs? Or was Uber plagued with problems such as higher trip costs and sexual assaults committed by Uber drivers? Join us as we take you through an honest, data driven comparison of Uber to yellow cabs.