4 ms·

The whole 'micromobility' market has become too saturated. This was just a matter of time.

• invalidname 4y ago
  It hasn't started... They are all losing so much money with absolutely no way of making money back. It's insane.
  • hdjjhhvvhga 4y ago
    It has to look good on paper though. I don't know the cost of maintenance of these scooters, but the rides are terribly expensive in my area. I mean If I wanted to commute using these, I'd have to pay almost $10 one way (one more reason to prefer cycling!). This is probably a fraction of the cost of energy. On the other hand, I'd hate to be servicing these.
    • jussivee 4y ago
      It's expensive in my area as well. The big problem is people dumb these things all over the place - on bicycle lanes etc. I guess these companies also have to spend quite a few dollars on PR and stuff to make people hate them less.
    • invalidname 4y ago
      The service and fines that they get are a huge cost. And as you said, once pricing goes up people won't ride them as much. It becomes serious overhead.
  • Nextgrid 4y ago
    From the company founders' perspective it was never meant to make money, merely generate "growth & engagement" and the prospect of a monopoly in order to solicit VC funding. For this task it worked perfectly, at least at the beginning. Thankfully the "growth & engagement" cesspool is finally draining and this is the expected result.