Uber, the ride-sharing service valued at $50 billion, is at the forefront of disrupting the taxi industry.
The price of a New York taxi medallion - the license that allows you to drive a taxicab in the city - has been plummeting since 2013... the first time that's ever happened.
A medallion would have cost you $1.3 million in April 2013, an all-time high. Now you can pick one up for a quarter of that, $840,000.
And the hospitality industry is taking seriously the threat presented by Airbnb, which puts temporary renters and guests together.
That makes the sharing economy - which Airbnb and Uber are at the forefront of - a major Disruptor. In the sharing economy, instead of buying goods from a corporation, consumers "borrow" - really, rent - assets from other individuals. And companies like Uber and Lyft are the "conduits" that put those individuals together... and take a slice of the profits.
And Uber isn't disrupting just taxis.
Many members of generations Y and Z, especially ones who live in cities, are forgoing the once-ubiquitous ritual of buying a first car. Rather, they're depending on ride-sharing outlets like Uber, Lyft and Zipcar.
And that's making auto manufacturers nervous.
P.S. Watch Obama's Iran Nuclear Deal come back to bite the world on our collective ass!