So why not, you know, buy a medallion almost like a small business, right? In order to, to achieve the American dream. Lo and behold, just a few years later, Uber and Lyft enter the market completely unchecked, not regulated. There wasn't a cap for how many Uber and Lyft drivers could be out there. And so then the yellow cab industry didn't really have the exclusive right to for street hails and didn't have the ability for ehails. (14:31–14:38)
CLAIM
Asserts that Uber and Lyft entered the market without regulation.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.