Uber competitor Juno in New York is closing down. In conjunction with the closure, it is announcing a collaboration with rival Lyft and announcing that business customers will be able to use Lyft's services instead. This is stated in a press release.
The Juno brand is owned by Gett and US users will continue to be able to use Gett's app for business trips, where cars from Lyft's network are used.
The announcement caused Lyft's stock to rise 4.2 percent on Monday.
Source: finwire
