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Are NYC Taxi Medallion Prices Really ‘Plummeting?’

On Thursday, the New York Times published a page one piece by the Upshot’s Josh Barro making the claim that faced with competition from e-hailing car service apps Uber and Lyft, taxi medallion prices are “plummeting.” The basis for the claim, from what I can tell, is largely this (in the second graf): The average price of an individual … Continue reading

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