hailo
Uber and Lyft Price War Drives Major Competitor Out of North America
Kevin Montgomery · 10/14/14 12:40PMThe fierce price war between Uber and Lyft hasn't just been squeezing the pockets of drivers. Hailo, an European on-demand car app backed by millions in American venture capital, says frequent price cuts made it "impossible to be profitable." After two years here, the company is pulling its service from all of North America.