The New York City Taxi & Limousine Commission (TLC) sent out a rare "All-Licensee" email (over 100,000+ people & companies combined), warning against doing business with a specific Company
I think empower was a good business for the drivers . Also they accept tlc drivers in nyc so this isn’t a problem . Other companies pushed the tlc to do that
The difference: empower give the driver 100% of the trips fee with or without the surge with 30$ Per month for empower and it will be the best choice for the drivers especially with the gas cost
But Uber and Lyft they take too much from the passenger and give the drivers some shit
I think that sounds interesting, but if they don't have a legal dispatch base drivers could lose their TLC licenses and be subjected to fines / summons - this is a major risk for many TLC drivers. Laws & rules might be unfair, but they cannot be blatantly ignored, while others suffer major consequences UNLESS they clearly communicate how exactly they intend to protect drivers. They should have also been more transparent about this from Day 1, before signing up any driver. We've seen this story many times before - many promises, TLC drivers left to deal with the consequences, often financial.
The same TLC which ignored it's own rules to allow Uber to operate in NYC as a virtual taxi without a Medallion and flood the city with 100,000+ cars. The second Uber ran out of venture capital and had to start pricing their rides at a market rate, the TLC leapt into action and had the nerve to put Uber in yellow cabs. You know, the industry they've been trying to bankrupt for a decade with artificially cheap rides and street hails done with an app.
Those surcharges are no joke. The drop on the meter in a yellow is $2.50, but the surcharges are up to $3.30. Just to get in a cab. Cuomo added $2.50 which goes directly to the MTA (or is supposed to). That was also a clear attempt to bankrupt the yellow cab business. It's criminal.
Can definitely understand the frustration. I do believe now with the debt restructuring agreement and FHV Cap in its 4 year (likely to be extended for quite some time), the yellow cab industry / medallion values will recover. How do you view the future of the yellow taxi on NYC? I do understand the past was filled with a lot of politics as well.
The debt restructuring has not been fully implemented. No idea about the cap, yellow cabs are still at 13,000 vs around 100,000 ubers. 8,000 or so yellows are actually on the road. Don't know about the future but I do know that a lot of people have been going back to yellow because Uber's false subsidized prices are over. That's the moment the TLC seized to put Uber in Yellows. No one even knows who specifically arranged it. I suspect one part of the plan is to tie up yellows with their garbage ehails to create a yellow shortage and get people to go back to Uber. The corrupting power of this company is breathtaking. The just-released Uber papers shed some light on it.
There are so many apps, companies, even social media groups dispatching rides left and right. Finally the TLC is doing something in regards to companies that appear “legal”. In regards to Empower, if this is a DAO web3 version of Uber, it’s actually quite an exciting business model for the rideshare industry. Looking forward to see how this pans out.
Yes, the DAO / Web3 model (“dUber”) is going to be really interesting to track. I think in NYC, they should have/need regulations, but sometimes they make it too difficult for new startups to get going and it’ll be interesting to see Empower’s response (if they have one). Given the team’s sophisticated legal and operational background, was surprised they weren’t dispatching via a TLC licensed base.
I think empower was a good business for the drivers . Also they accept tlc drivers in nyc so this isn’t a problem . Other companies pushed the tlc to do that
The difference: empower give the driver 100% of the trips fee with or without the surge with 30$ Per month for empower and it will be the best choice for the drivers especially with the gas cost
But Uber and Lyft they take too much from the passenger and give the drivers some shit
I think that sounds interesting, but if they don't have a legal dispatch base drivers could lose their TLC licenses and be subjected to fines / summons - this is a major risk for many TLC drivers. Laws & rules might be unfair, but they cannot be blatantly ignored, while others suffer major consequences UNLESS they clearly communicate how exactly they intend to protect drivers. They should have also been more transparent about this from Day 1, before signing up any driver. We've seen this story many times before - many promises, TLC drivers left to deal with the consequences, often financial.
The same TLC which ignored it's own rules to allow Uber to operate in NYC as a virtual taxi without a Medallion and flood the city with 100,000+ cars. The second Uber ran out of venture capital and had to start pricing their rides at a market rate, the TLC leapt into action and had the nerve to put Uber in yellow cabs. You know, the industry they've been trying to bankrupt for a decade with artificially cheap rides and street hails done with an app.
Those surcharges are no joke. The drop on the meter in a yellow is $2.50, but the surcharges are up to $3.30. Just to get in a cab. Cuomo added $2.50 which goes directly to the MTA (or is supposed to). That was also a clear attempt to bankrupt the yellow cab business. It's criminal.
Can definitely understand the frustration. I do believe now with the debt restructuring agreement and FHV Cap in its 4 year (likely to be extended for quite some time), the yellow cab industry / medallion values will recover. How do you view the future of the yellow taxi on NYC? I do understand the past was filled with a lot of politics as well.
The debt restructuring has not been fully implemented. No idea about the cap, yellow cabs are still at 13,000 vs around 100,000 ubers. 8,000 or so yellows are actually on the road. Don't know about the future but I do know that a lot of people have been going back to yellow because Uber's false subsidized prices are over. That's the moment the TLC seized to put Uber in Yellows. No one even knows who specifically arranged it. I suspect one part of the plan is to tie up yellows with their garbage ehails to create a yellow shortage and get people to go back to Uber. The corrupting power of this company is breathtaking. The just-released Uber papers shed some light on it.
There are so many apps, companies, even social media groups dispatching rides left and right. Finally the TLC is doing something in regards to companies that appear “legal”. In regards to Empower, if this is a DAO web3 version of Uber, it’s actually quite an exciting business model for the rideshare industry. Looking forward to see how this pans out.
Yes, the DAO / Web3 model (“dUber”) is going to be really interesting to track. I think in NYC, they should have/need regulations, but sometimes they make it too difficult for new startups to get going and it’ll be interesting to see Empower’s response (if they have one). Given the team’s sophisticated legal and operational background, was surprised they weren’t dispatching via a TLC licensed base.