Andrew Milgram

And in order for the system to thrive, again, they're my customer.

I needed it to work for them.

And so we began a really constructive conversation and relationship with the Taxi Workers Alliance.

I'm very happy to say, and I think the leadership of the Taxi Workers Alliance would agree, we continue to have a very constructive, productive, and partnership-like relationship.

Actually, just a few weeks ago, we took our entire taxi operation public.

Oh, wow.

That business will persist.

It should have a very durable and persistent cash flow that should be able to be valued by the market.

And I think there's some pretty exciting and compelling things that we can do.

and continuing to grow that operation, add other services, other pieces of the ecosystem in, because the ecosystem does work.

It had been too disaggregated.

There were too many people taking a profit margin out of it.

The reality is,

Needed to be much more efficient.

We needed to be much more cost constrained.

Needed to be much more operationally focused on efficiency and delivering to the customer.

The customer wasn't getting enough value out of the relationship.

The only way you can give that customer more value is that somebody else gets less value.

And the only way you can squeeze those margins is through consolidations and efficiency.

So that's where this market ultimately goes.