Uber to stop operating in Colombia following court order

Uber will halt its operations in Colombia at the end of the month, after a judge found the transportation company violated the country's competition rules, Reuters reports.

Why it matters: Uber is likely to look for ways to get back into Columbia, though this comes as a blow to a business that is trying to show investors it can turn a profit and continue growing, especially in regions like Latin America. Uber called the decision "arbitrary" in a statement, and said it violated its right to due process, per Reuters.

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