Israeli transportation company Gett said it will end its New York City ride-hail...
- Israeli transportation company Gett said it will end its New York City ride-hailing business Juno on Monday, citing “misguided regulations” enacted to combat city congestion earlier this year.
The company faced growing pressure as regulation damaged ride volumes, making profitability a distant and difficult prospect. New rules also cap the number of app-based, for-hire cars and established minimum pay for the city’s 80,000 ride-share drivers based on how much time they spend transporting passengers.
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