Why did Juno go out of business?


Why did Juno go out of business? In the face of additional regulation, the ride-hailing industry has been consolidating and pushing back against government measures that could upend their business models. Gett, which bought Juno in a $200 million equity-based deal, said the company's demise stemmed from “misguided regulations” in New York City.


What happened to Juno rideshare?

Juno was acquired by Gett in 2017, for $200,000,000. Juno ceased all transportation operations on 18 November 2019. Juno sought an order to tap $1 million of a $4.5 million loan from its parent company to fund a bankruptcy liquidation on 20 November 2019.