 According 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.Some taxicab companies are independently owned small businesses with only one taxicab and driver, but many cab companies have fleets of 100 or more taxicabs.Drivers are rarely employees of the company, and usually lease the taxicab on a per-shift basis.