(Bloomberg) — Sidecar Technologies Inc., the third-biggest U.S. car-hailing service, said it will end its ride and delivery operations as the company is squeezed out by better-known competitors Uber Technologies Inc. and Lyft Inc.
One of the pioneers of the ride-sharing concept, Sidecar will end its service on Dec. 31, co-founders Sunil Paul and Jahan Khanna wrote in a blog post. The move will help pave the way for the "next big adventure in 2016," according to the letter.
"Shutting down the Sidecar service is a disappointment for our team and our fans," Paul and Khanna said in the letter. "The impact of our work, however, will be felt for generations to come."
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