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Medallion Crisis Leaves Cab Drivers With Overwhelming Debt

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(Sara Bloomberg/KQED)

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The coronavirus outbreak is having an impact on tech business.
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Medallion Crisis Leaves Cab Drivers With Overwhelming Debt

A San Francisco judge could decide Friday whether a jury will decide the fate of a $150 Million dollar lawsuit against the city of San Francisco. The case stems from hundreds of taxi medallions the city sold for a quarter-million bucks a piece.  Now, because of companies like Uber and Lyft, their medallions are virtually worthless. One driver is using his social security check to pay off his loan.
Reporter: Sam Harnett

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