Milgram: Early Uber Expanded NYC Car Service Rather Than Stealing Taxi Riders
Andrew Milgram · The Data on America's Economic Split | Andrew Milgram Interview · Invest Like The Best · Aug 5, 2025 · at 23:22
Andrew Milgram, Co-CIO of Marblegate Asset Management, explains the market dynamics of Uber's 2015–2016 expansion into New York City while evaluating taxi medallion loan investments.
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“There was this perception that they were taking riders away from taxis, and that was not at all the case. The data was super clear. They were expanding point-to-point car service in New York. They were taking drivers away from yellow.”
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