For years and years, taxi drivers had medallions. It was something so valuable that they could pass it down from generation to generation. You could borrow against it, sell it for millions and owned your own destiny for all those that had one. Then, in March of 2009, UberCab was launched. Initially, none of those cab drivers gave this a second thought. “After all, we have these Medallions and we have been doing business the same way for decades. No one will be able to take that away from us,” they thought. Then, on July 5th, 2010, Uber launched their […]
June 2026 Market & Economic Recap