Investigative reporter Brian M. Rosenthal and his team from the New York Times have spent over 10 months, interviewed 450 people, built a database of every medallion sale since 1995 and reviewed thousands of individual loans and other documents, including internal bank records and confidential profit-sharing agreements. The investigation found example after example of drivers […]
After the medallion market collapsed, Mayor Bill de Blasio opted not to fund a bailout, and earlier this year, the City Council speaker, Corey Johnson, shut down the committee overseeing the taxi industry, saying it had completed most of its work. Over 10 months, The Times interviewed 450 people, built a database of every medallion […]
The investigations come after The New York Times found that thousands of drivers were crushed under debt they could not repay. The New York attorney general’s office said Monday it had opened an inquiry into more than a decade of lending practices that left thousands of immigrant taxi drivers in crushing debt, while Mayor Bill […]
Kapten, the French ride-hailing app backed by Daimler and BMW, has launched in London, coupled with a feisty ad campaign taking a swipe at Uber’s tax arrangements. It follows Kapten (formerly called ‘Chauffeur Privé’) obtaining a license from TfL, London’s transport regulator, to operate its private-hire vehicle (PHV) service in the U.K. capital city. The […]
On Sunday, May 19, The New York Times published a scathing investigative series on the financial crisis for yellow cab owner drivers that profiled NYTWA members Mohammed Hoque and Mohammad Hossain. On the same day, The New York Daily News published a story on how Uber and Lyft have destroyed incomes for yellow cab drivers. NYTWA Executive Director Bhairavi Desai said, “We’ve […]
While Uber and Argentine officials argue over whether the company is an app or a transportation company, drivers suffer fines, violence, and instability. Most Porteños, or residents of Buenos Aires, know the drill when it comes to hailing an Uber. Change the payment method to cash on the app, memorize the driver’s license plate number, […]
On a desolate block of Long Island City sits a vacant warehouse, its entrances padlocked and doorbell defused. A FedEx tag for an undelivered package, dated 5/23, has been stuck to a barred doorway for at least 11 months. Visible through filthy second-floor windows is a small sign that reads simply The Black Car Fund. Created […]
Lyft is beefing up its driver background check process with two new features it says are intended to “[improve] the safety and security of [its] platform.” It today announced continuous background checks and enhanced identity verification, both of which will roll out in the coming days to weeks. “The safety of the Lyft community is […]
Uber is aiming to price its IPO at the midpoint of its target range or below, a source familiar with the matter told CNBC, according to Quartz. Uber is expected to price its shares Thursday and start trading Friday. Uber set a price range of $44 to $50 per share for its initial public offering in […]
Thousands of Uber drivers around the world went on strike on Wednesday, May 8, ahead of the company’s hotly anticipated IPO on Friday, which is slated to be one of the largest in recent history at an estimated $90 billion valuation. In at least eight cities in the US, including San Francisco, Chicago, and New […]
