Hacker News Reader

In Montreal, the figure ranges from 600,000 (May) to 900,000 trips (July) from a fleet of 7,500 (there are no bikes from mid-November to mid-April). They're everywhere.

Edit: I was still on the 2017 figures for some reason. 800,000 trips last May, 975,000 last August. (https://montreal.bixi.com/en/open-data)

View on HN

Even with those ridership number the company went bankrupt in 2014 and had to be bought by the city that made it non profit.

In other words, not really a profitable market.

Companies targeting great markets fail all the time due to other factors. It not like all that needs to happen is someone point their finger at a good market and magically money starts piling up.

Reply on news.ycombinator.com