Moderators Moderator_02 Posted October 11, 2020 Moderators Share Posted October 11, 2020 Quote Cabify to leave Panama market Posted 10/10/2020 The transport technology platform Cabify, has announced that it will stop operating in the Panamanian market on November 8. Cabify was founded in 2011 in Madrid and arrived in Panama in 2016. It will continue to operate in 86 other Latin American countries. https://www.newsroompanama.com/business/cabify-to-leave-panama-market Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted October 15, 2020 Author Moderators Share Posted October 15, 2020 Quote Cabify Withdraws from Panama and the Dominican Republic Arguing that the decision is due to the commitment of the search of the profitability, from November 8 the Spanish company of transport by application will stop offering its services in Santo Domingo and Panama City. Tuesday, October 13, 2020 As a result of a constant process of analysis of the markets in which it operates, the company has made the strategic decision to stop its service in both capitals, the company said in a statement. You may be interested in "Geomarketing and decision making" Eldinero.com.do reviews that "... Cabify assured that the 'strategic decision' is due to its strong commitment to the search for profitability and that it is constantly reviewing its operations in all the cities where it is present to ensure optimum financial sustainability." According to the document issued by Cabify, company executives will be attentive to future needs and opportunities for mobility in the capitals of Panama and the Dominican Republic. The article reviews that the transportation on demand company, apparently, did not achieve its objectives of competing with Uber, the leading firm in this field in the Dominican Republic. Source: eldinero.com.do https://www.centralamericadata.com/en/article/main/Cabify_Withdraws_from_Panama_and_the_Dominican_Republic Quote Link to comment Share on other sites More sharing options...
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