If you’ve ever chatted with a NYC yellow cab driver, you know this story. Taxi medallions shot up to well over a million bucks a piece. Drivers took out loans to purchase them. Uber and Lyft came along. Medallion values dropped through the floor. Those drivers were financially ruined. Tech was supposed to disrupt big business. But somehow, it’s always the little guy who gets run over. NYT: New York Attorney General Accuses N.Y.C. of Fraud Over Taxi Crisis. “The devastation that has happened across the taxi industry has been a deep betrayal by the city. Not only did they close their eyes to predatory practices and directly engage in inflating the prices but they then allowed in Uber and Lyft completely unregulated.”