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Medallion Financial pivots as taxi business is threatened by Uber, Lyft
As ride-hailing companies such as Uber and Lyft cut into the taxi business, the company has shifted toward higher-interest loans to consumers with less-than-stellar credit. “While taxi medallion lending continues to have virtually zero losses, the …
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What to Expect from GM's Strategic Alliance with Lyft in 2016
In January 2016, General Motors (GM) announced that it would launch a car-sharing service in 1Q16 with the help of its strategic partner Lyft. During its 4Q15 earnings call, the company updated its plan and strategy related to its car-sharing business …
Read more on Yahoo Finance UK

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