NYC

Cheap Tickets To SFO, United Airlines CEO Kinda Calls His Customers Stupid. The Best of the Rest For Saturday, August 1, 2015

Courtesy of Picography

Today’s Best of the Rest includes cheap flights to SFO and San Diego, news that Uber will deliver you a bar, that United is still a bit clueless and Paris taxi cab drivers still suck. Read on…..

I Can’t Pay My Bills. It’s Uber’s Fault

Of course it’s Uber’s fault.  One of the behind-the-scenes barons of the NYC taxi industry can’t pay his bills, and he’s asked the judge to keep the banks from taking his collateral.  An eye-popping 900 medallions. While the value of medallions has been dropping, they’re still worth a lot of money (the article quotes a price of $800K a piece).  Assuming Friedman’s “control” of the medallions doesn’t mean 100% ownership (I’d guess he has backers), he still probably owns a big piece of a $700MM business. He owes a lot […]