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
Beat (app) Beat (app) Beat is responsible for developing a taxi cab and peer-to-peer-ridesharing mobile application, the Beat app, for smartphones and other mobile devices. Beat's headquarters are located in Athens, Greece, where it is popular among locals. However, about 90 percent of the company’s ride-booking activity is abroad, in South America, where more than 150,000 drivers have registered with the app. Beat is currently available in Athens and the capital cities of Chile, Peru, and Colombia. Formerly known as Taxibeat, the company was founded in 2011 by Nikos Drandakis in collaboration with associates Kostis Sakkas, Nikos Damilakis and Michael Sfictos. The