KM Financial Solutions | Brazil taxi app rides fell by over 50 pct due to Uber -regulator
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Brazil taxi app rides fell by over 50 pct due to Uber -regulator

Brazil taxi app rides fell by over 50 pct due to Uber -regulator

BRASILIA, April 12 (Reuters) – Competition from Uber
Technologies Inc reduced the number of rides on cab
apps in Brazil by more than half, the country’s antitrust
regulator said on Thursday, showing the U.S. ride-hailing
service’s disruptive effect in one of its biggest markets.

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