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One chart shows how swiftly Uber and Lyft are killing traditional taxis

You've probably heard it before: Uber and Lyft are killing old school taxis. While it may be a tired trend to talk about, according to data from Bank of America Merrill Lynch, it is also true. This trend was put in stark relief in one chart from BAML's monthly review of customer card usage. The bank looks at retail and credit card spending for all BofA customers and showed that while the use of taxi/limo services has spike, the amount spent on traditional car services has tanked.
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