Marti stock drops after Turkish court rules ride-hailing business constitutes unfair competition

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Marti Technologies shares fell 3% in pre-market trading after a Turkish commercial court ruled that its ride-hailing business constitutes unfair competition, partially granting claims brought by local drivers and automobile trade associations. The Istanbul 14th Commercial Court of First Instance rejected the plaintiffs' requests to block access to Marti's mobile application and website. The company's ride-hailing, e-scooter, and e-moped services will continue operating uninterrupted while Marti prepares to appeal the decision.

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Electrification & Mobility▼ · 1 stocks
Marti Technologies Inc.
MRT
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Turkish court ruled ride-hailing business constitutes unfair competition, though operations continue pending appeal.

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