That was a result of a huge economic rent (caps on the supply of medallions in o...

		bunderbunder on March 9, 2019 \| parent \| context \| favorite \| on: Lyft’s IPO disclosure shows it’s not close to prof... That was a result of a huge economic rent (caps on the supply of medallions in order to prevent competition) that Uber crushed. Rides are a bit like diamonds: The only thing keeping the prices up was a cartel.