Uber Stock News

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NYC Taxis Finally Win One: Drivers Secure Help In Slashing Medallion Loan Balances We have been following how ridesharing companies have decimated the taxi industry for years now. In addition to rendering taxi medallions near-worthless compared to the price that many drivers spent their lives (and careers) working to purchase them at, ridesharing companies have also contributed to a rash of depression and suicides among drivers who have seen their livelihoods plummet suddenly and unexpectedly. But now, it''s looking like taxi''s could be on their way back, according to FT . And it could be due to an unlikely hero: law firm Kirkland & Ellis. Kirkland & Ellis is best known for getting in the trenches on messy corporate transactions. But they also represented New York City cab drivers in a pro bono assignment after drivers resorted to a "round the clock hunger strike" to draw attention to help they needed resolving loans to buy taxi medallions, the report says. And the efforts paid off: drivers got relief early this month when a deal between the citys municipal government, a private equity firm that had become the single largest taxi medallion creditor, and an advocacy group that spoke for thousands of taxi drivers resulted in slashing loan balances for drivers, FT wrote.

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Linda Aiello, formerly of Salesforce, Uber, LVMH and Jimmy Choo, is taking on a big job.

Guru leans into several top holdings Check out Mario Cibelli Stock Picks » Download GuruFolio Report of Mario Cibelli (Updated on 11/14/2021) Related Stocks: WWE , GRUB , UBER , AMZN , FB , SFIX ,

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