Uber

growth-negative

Uber is shutting down its taxi-hailing business in Israel by the end of next week. The decision comes despite the companys business expansion in the past year. The reasons behind the decision include the lack of a regulatory horizon in Israel, the small market size, and the standard of service offered by local taxi drivers to international travelers. Ubers users in Israel were mainly tourists and businesspeople. The company will continue to provide an ordering service for electric scooters operated by Lime.