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Ride-hailing app Cabify shutters Ecuador operations

Reuters
Updated

Feb 15 (Reuters) - Ride-hailing application Cabify will end its operations in Ecuador in mid-March after a "constant process of analysis" on the market, the company said Wednesday.

Cabify, which has operations in a handful of other Latin American countries and Spain, said in a statement that the decision would cut its services in the cities of Quito and Guayaquil and that a dozen employees would be affected. (Reporting by Valentine Hilaire; Writing by Kylie Madry; Editing by Brendan O'Boyle)