An Uber IPO could place the value of the transportation start-up at north of $50 billion dollars making it the most valuable pre-listed IPO in history! Prior to the expected Uber deal hitting the market, Facebook was the most recent valuation record-holder at a $50 billion number pre-IPO in 2011. One glaring difference and potential concern for […]
In other words is the competition from Uber decreasing the demand for taxi medallions causing the price of the medallions to drop thereby damaging the collateral of taxi medallion lenders? In a word…yes! For those who may be unfamiliar, in cities like New York City medallions are required for a yellow taxi to operate. The […]
In New York City the competition from yellow cab alternatives like Uber has eroded the value of taxi medallions! And, as with most ‘revolutionary’ ideas, the sudden change in the way the taxi industry does business has led to unintended consequences, this time in the investment arena. Using a loose analogy to the hand-held phone […]
For all of you Seinfeld fans out there, New Yorkers may never again have to deal with fighting over a parking spot (see video) the way that George Costanza did! And at the same time, for anyone with the money and/or inclination, paying upwards of $1 million to secure and own permanent parking would also […]
