I Can’t Pay My Bills. It’s Uber’s Fault

Discussion in 'Blogstand' started by BoardingArea, Apr 18, 2015.

  1. BoardingArea

    BoardingArea News Feed

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    Of course it’s Uber’s fault. One of the behind-the-scenes barons of the NYC taxi industry can’t pay his bills, and he’s asked the judge to keep the banks from taking his collateral. An eye-popping 900 medallions. While the value of medallions has been dropping, they’re still worth a lot of money (the article quotes a price of $800K a piece). Assuming Friedman’s “control” of the medallions doesn’t mean 100% ownership (I’d guess he has backers), he still probably owns a big piece of a $700MM business. He owes a lot... Read More » The post I Can’t Pay My Bills. It’s Uber’s Fault appeared first on Pizza In Motion.

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