Destruction Of Taxi Industry By Uber, Lyft Affects Trump Lawyer Michael Cohen - News Summed Up

Destruction Of Taxi Industry By Uber, Lyft Affects Trump Lawyer Michael Cohen


One of the most prominent individuals who has had their business disrupted by this trend is Trump lawyer and taxicab owner Michael Cohen. Lyft use has been growing steadily since 2014, when the service accounted for just 1% of the business traveler ride-hailing market. One possible reason for Lyft’s growth: According to Certify’s data, business travelers spend nearly $5 less on Lyft trips versus Uber trips. But the downfall of the taxi industry and owners like Michael Cohen doesn’t necessarily mean a windfall for Lyft and Uber drivers. Despite recent claims from Lyft and Uber that tipping is growing, Certify’s report indicates that business travelers typically ‘forget’ to tip.


Source: Forbes April 30, 2018 21:44 UTC



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