Disruptive Technology Like Uber Will Weigh on Medallion Financial

Disruptive technology like Uber is not just weighing on the taxi and limousine business, but the logistics business, as it expands into deliveries of meals, products and courier services. RealMoney Pro contributor Chris Versace pinpoints Medallion Financial, which helps fund taxi medallions, as one of the companies that stands to be Uber's biggest victims. He also sees a negative spillover effect onto car service companies like rental cars like Hertz and Avis Budget Group. Long-term, Versace says if we start to see the number of people buying cars dip due to the popularity of Uber, that sparks a concern over whether those in urban areas will continue to buy cars or not -- perhaps meaning bad news for automakers.