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Uber and Lyft appear poised to destroy New York’s iconic taxi industry

10
Jul
2014

Are there more empty taxis than usual rolling around Manhattan today? It seems that way — and it would be no wonder, because the New York transportation system is going through its biggest upheaval since 1900. And as you may have guessed, one of the world’s hottest mobile apps is the new omen of turmoil in 2014. Back in 1900, New York had 100,000 horses, which created 1,200 metric tons of manure. Only 4,200 cars were sold in the entire country in the year 1900. By 1912, national car sales volume had swollen to 350,000 and the number of cars overtook horses in New York. Today, there are more than 13,000 taxi medallions in New York, and buying a new taxi license costs more than

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