Israeli startup Gett said it struck a partnership with Lyft Inc. to expand its U.S. footprint and is shuttering its New York ride-sharing business Juno, the latest sign of consolidation in an industry facing mounting regulation from state and local governments. Venture-capital-backed Gett acquired Juno in 2017 in a $200 million equity-based deal. Gett blamed Juno’s demise on “misguided regulations in New York City earlier this year.”...

Source: Wall Street Journal November 18, 2019 22:07 UTC