Cab industry being revolutionized by smart phone technology.

The cab industry in San Francisco is being revolutionized by smart phone technology, as companies like Uber, Flywheel, and others change the way people order cabs.
People are now ordering cabs and other transportation services like limos and “shared rides” by smart phones which are cutting out cab company distribution systems and city regulations.
The way it stands right now why should some one pay 300,000 for a cab medallion when they can buy a black car for 10,000 dollars and go into business using a smart phone distribution system to find business.

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