Citi Bike Is For Sale
A friend forwarded the link to me; first I'd seen the news.
(Perhaps this belongs in the
'For Sale' forum?)
IMHO, the single most salient thought begins the last paragraph:
"Citi Bike, with its exclusive, multiyear contract with the city of New York, is likely to do fine in a sale."
Above comment posted late Wed 25 July 2023. Below is an update / addition:
When I received the 'Verge' link from my friend, my cursory web search for related stories was contemporaneous. The story broke Monday and I now see it did receive earlier coverage elsewhere. If you're looking to read more, I think Aaron Gordon's perspective adds value:
Lyft, the Largest Bikeshare Operator in North America, Wants Out of the Business
Quick summary: Lyft's new CEO perceives
bike share as being insufficiently supportive of the company's main product:
ride share (you know - cars).