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3min chapter
The Uber IPO
Acquired
The Taxi Industry in New York City
The taxi cab industry is highly regulated and the four higher market is relatively less. This weird, interesting sort of shadow market develops in cities where these people are no longer regulated taxi cab drivers approved by the city. And this is the beginning of what was first called sedan service, then becomes the limo industry. But there's some sketchiness that develops in this industry and it becomes a derogatory term known as gypsy cab industry.
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