Taxi medallion to "The Washington Post", medallions were "the best investment in America", but—due to increased competition from app-based car services and transportation network company growth from companies like Uber and Lyft—taxi medallions are now decreasing in price. In 2013, the price of a medallion was $625,000. In 2014, that price had risen to around $700,000. In 2014, a medallion was worth nearly $700,000. The total value of all medallions and assets related to them had a value of $2.5 billion in Chicago in 2013. In 2012, medallion prices ranged from $87,000 to $385,000. In 2015, Chicago's average medallion price was under
Gett Gett Gett, previously known as GetTaxi, is a global on-demand mobility company that connects customers with transportation, goods and services. Customers can order a taxi or courier either through the company's website, or by using the company's GPS-based smartphone app. The app was first developed and popularized by Israeli company GetTaxi. The app is compatible with iPhone and Android platforms. Gett currently operates in more than 100 cities across the United States, the United Kingdom, Russia and Israel. GetTaxi was founded by Israeli entrepreneurs Shahar Waiser and Roi More. Waiser came up with the idea in the summer of 2009