Thursday, February 20, 2020

"New York's attorney general announced plans Thursday to sue New York City for $810 million for inflating the price of taxi medallions"

The city made $855 million on sales of medallions, the licenses that allow a person to operate a yellow cab, between 2002 and 2014 when it stopped holding medallion auctions.

The value of a medallion has plummeted from over $1 million in 2013 to less than $200,000 now
Related, a popular thread on Twitter today: