In an industry where unit economics and rider utilization are key to running a profitable business, perhaps it’s better to cut your losses early on. Lyft notified employees today that it’s pulling its scooters from six markets: Nashville, San Antonio, Atlanta, the Phoenix area, Dallas and Columbus. “We’re choosing to focus on the markets where we can have the biggest impact,” a Lyft spokesperson told TechCrunch.

Topics:  nashville   san antonio   dallas   columbus    we re   techcrunch   march   competitor uber   jump   providence   june   segway-built   january   alexandria   arlington   austin   los angeles   minneapolis   montgomery county   oakland   san jose   santa monica   washington   d.c    atlanta   lyft   lyft    lyft s   san diego   segway   denver   miami   ceasing   scooter   operations   cities   laying   employees   markets   company   year   bikes   fleet   business   ridership   people   
BING NEWS:
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    Shared e-scooter company Voi is offering free rides to encourage greener travel for Earth Day on Monday, 22 April. Residents of all UK towns and cities where Voi operates - including Cambridge - can ...
    04/19/2024 - 5:45 pm | View Link
  • Is the country’s e-scooter experiment working? The results are mixed
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    04/15/2024 - 8:31 pm | View Link
  • Are Uber and Lyft leaving the Twin Cities? Here's what you need to know
    Lyft is threatening to leave just Minneapolis. But Uber said it would pull operations in the entire Twin Cities metro area, including the Minneapolis-Saint Paul International airport. Is the ...
    04/11/2024 - 8:30 am | View Link
  • After promising rollout, CT's electric scooter rideshares lose steam amid company woes
    The local and global scooter companies ... with those cities and towns have struggled to stay afloat, with a few ceasing their programs. Bird, a global company that operates electric scooters and ...
    04/6/2024 - 1:00 pm | View Link
  • Minneapolis City Council might reconsider Uber/Lyft vote
    It immediately prompted the two ride-hailing giants to announce they were ceasing operations in the city ... it would pull out of the entire Twin Cities metro. Several supporters of the ordinance ...
    03/20/2024 - 4:48 am | View Link
  • More

 

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