Cabbies and medallion owners may have fretted about losing their shirts over Uber and Lyft, however "reports of the yellow cab industry's demise are greatly exaggerated" reports South Florida Business Journal. Medallion values are down about twenty percent, reflecting long-term concerns, but taxi cabs themselves are still making plenty of money. Revenues at a big taxi lending company (NASDAQ: TAXI) are up twenty percent. [South Florida Business Journal]
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