I believe the bike-share is their most profitable division. Would it make sense to spin that off? It has a de facto monopoly in many markets it operates in
The one specific person I saw that was laid off today was in their bike-share division, so it apparently is involved in the layoffs.
That's cool, I am just vaguely concerned about it. They seem to have tacitly abandoned it in the East Bay area.
The maintenance for Citibike is also basically nonexistent, many bikes that feel like peddling through mud
Huh, I feel the opposite. Feels like more and more I get the "next-gen" e-bikes in Manhattan. The older gen e-bikes do feel like they are on their last legs.
From my past time at Lyft, there was a much larger loss and theft issue with East Bay's bikes. Not sure if they figured that out. Used to hear about bikes regularly being pulled out of Lake Merritt.