Comment by jseliger

Actually, this article raises a point I'd not considered: Why doesn't Uber just start buying medallions, especially in large / angry markets? In NYC, medallions are down to $600,000: http://www.bloomberg.com/features/2015-taxi-medallion-king. Presumably Uber wouldn't have to buy all the medallions out there, but if it bought enough it could circumvent much of the political opposition from current holders.