Uber marks first exit in Latin America – Uber Technologies, Inc. (NYSE:UBER)
Adios Colombia… Uber Technologies (NYSE:UBER) has ceased operations in the country after failing to win a government reprieve from a ruling that found its service violated competition norms.
“Colombia’s reputation as being open to innovation just drove off in the back of a taxi,” said Justin Kintz, Uber’s vice president for global public policy.
The ride-hailing service had faced a backlash from taxi drivers ever since choosing Bogota as its entry point to South America in 2013.