New York City ride-hailing upstart Juno shuts down

Juno, an upstart ride-hailing company in New York City, is shutting down as part of a new partnership between parent company Gett and Lyft. Gett’s corporate customers will now be able to book rides via Lyft in the US.

Why it matters: When it burst onto the scene in 2016, ride-hailing drivers were attracted to Juno’s promise of a better job, including potentially providing company equity some day. But that promise unraveled when Juno sold to Gett the following year and admitted there was no legal way to do so.

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