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Hailo to pull out of North America as the taxi wars heat up

14/10/2014

Hailo will stop offering taxi services in North America following a rethink of company strategy amid fierce competition from rivals (...)
Hailo will stop offering taxi services in North America following a rethink of company strategy amid fierce competition from rivals like Uber and Lyft. Revealed today in an interview with the Financial Times, company CEO Tom Barr said the plans to close in the US and Canada were because it was impossible to make a profit there. Instead, it plans to put more focus on Europe and Asia. Staff in Washington, Chicago, Boston, Toronto and Montreal – around 20 people – are “likely” to lose their job, according to the FT. This story is being updated… ➤ Taxi app company Hailo to pull... This story continues at The Next Web The post Hailo to pull out of North America as the taxi wars heat up appeared first on The Next Web. Hailo will stop offering taxi services in North America following a rethink of company strategy amid fierce competition from rivals like Uber and Lyft. Revealed today in an interview with the Financial Times, company CEO Tom Barr said the plans to close in the US and Canada were because it was impossible to make a profit there. Instead, it plans to put more focus on Europe and Asia. Staff in Washington, Chicago, Boston, Toronto and Montreal – around 20 people – are “likely” to lose their job, according to the FT. This story is being updated… ➤ Taxi app company Hailo to pull... This story continues at The Next Web The post Hailo to pull out of North America as the taxi wars heat up appeared first on The Next Web.
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