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2min chapter
The Lyft IPO
Acquired
The Importance of Efficiency in the City Transportation Marketplace
Ride sharing innovations have made the market much bigger by expanding the ease with which demand can access it. The taxi companies and medallion companies were middlemen that were taking economic rents in the market. And they don't exist anymore. So, so net is, you know, a driver that was working for a taxi company or a driver who is driving on Lyft and Uber,. More of the economic value should be flowing directly to drivers in this more streamlined system.
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