The rise of ride-hailing apps like Uber and Lyft, whose drivers do not have the same licensing requirements as professional taxi drivers, has helped cause the value of taxi medallions to collapse, plunging some drivers into debt.
The rise of ride-hailing apps like Uber and Lyft, whose drivers do not have the same licensing requirements as professional taxi drivers, has helped cause the value of taxi medallions to collapse, plunging some drivers into debt.