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Traveling all over the world has convinced me that Uber and its competitors aren’t going anywhere — and for good reason

After using taxis and ride-hailing services like Uber in dozens of countries, I've become convinced that ride-hailing apps are here to stay, with or without regulation, for a simple reason: they serve a need.
Evgeny "Gene" Freidman.

The rise and fall of New York City’s ‘Taxi King’ who reportedly agreed to cooperate with the government as a potential witness again...

At one point, Evgeny "Gene" Freidman owned more than 800 taxi medallions, the metal plates on the hoods of yellow cabs that allow them to operate legally on the New York City streets. But in the past few years, Freidman has experienced a precipitous fall.

New York City yellow cabs have taken a back seat to Uber

The once David and Goliath relationship between competitors now looks much more even.

A Greenwich hedge fund is behind the mysterious buyer of the NYC ‘Taxi King’s’ medallions

There's more ways than one to make money on the medallions, which have plunged in value since Uber showed up in New York.

A mysterious hedge fund just scooped up the foreclosed medallions from New York City’s ‘Taxi King’

A fleet of the "Taxi King's" foreclosed taxi medallions sold on Monday in a closed-door auction taking place in a Queens, New York hotel.

Here are the unique names the NYC ‘Taxi King’ had for his 22 companies that went bankrupt

Freidman has named his taxi companies after various liquors, foods, and exotic locations.

Uber and Lyft are destroying Chicago’s cab drivers

As Uber and Lyft expand into Chicago, taxi drivers in the city are struggling to afford medallions as the number of riders drops.

New numbers show just how much New York’s taxi cab owners have lost thanks to the ascendance of Uber and Lyft

Ride-sharing stalwarts like Uber and Lyft have upended New York's yellow cab business.

Uber is facing pushback in another country in the app’s fastest-growing region

"We have explained that the taxi driver is hungry," one leader of the protest said. "And a hungry taxi driver is dangerous."