Pursuits

Invasion of the Taxi Snatchers: Uber Leads an Industry's Disruption

Love it or hate it, Uber is winning its war for passengers—and cabbies

Bloomberg Terminal

Ray Markovich started driving a taxi in Chicago three years ago after shuttering his struggling wireless phone store. Driving a cab wasn’t particularly gratifying or lucrative—he had to pay $400 a week just to lease his 2011 white Ford Escape. It was predictable if monotonous work.