Covid-19

lokie

Well-Known Member
That has nothing to do with a virus. And certainly not a victim.
Business Tax wright off is more likely. Under the guise of covid-19.
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How much does a jump bike cost?
Now the bikes are free to unlock, but users have to pay $0.30 a minute from the start. The change increases the cost of an hour ride to $18 from $4.10. Pricing has also gone up in other cities including Los Angeles, where Jump prices increased to $0.30 a minute from $0.15.Jul 19, 2019
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Uber's latest $200M acquisition  | AngelList
 

cannabineer

Ursus marijanus
Business Tax wright off is more likely. Under the guise of covid-19.
Facepalm gesture animated emoticon


How much does a jump bike cost?
Now the bikes are free to unlock, but users have to pay $0.30 a minute from the start. The change increases the cost of an hour ride to $18 from $4.10. Pricing has also gone up in other cities including Los Angeles, where Jump prices increased to $0.30 a minute from $0.15.Jul 19, 2019
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Uber's latest $200M acquisition  | AngelList's latest $200M acquisition  | AngelList
I read that they’re sending them to the crusher because they’d be difficult for private owners to charge and maintain.

What sane corporation decided to field such units in the first place?

Something is rotten in the state of Denmark.
 

pabloesqobar

Well-Known Member
I read that they’re sending them to the crusher because they’d be difficult for private owners to charge and maintain.

What sane corporation decided to field such units in the first place?

Something is rotten in the state of Denmark.
Yep. Moreover:

April, 2019: "Our inability to expand our dockless e-bikes and e-scooters could harm our business, financial condition, and operating results", Uber said. No mention of any potential future pandemic.

July 29, 2019: "Uber laid off more than 400 marketing employees today (July 29), a week before the ride-hail company is due to report second-quarter earnings."

August 8, 2019: "Uber lost $5.24 billion in the second quarter — its largest quarterly loss ever — after making huge stock-based payouts in the months following its initial public offering."

August 9, 2019: "The road ahead for scooter- and bike-sharing companies is especially difficult given that the vehicles they offer can now be bought relatively cheaply. Decent electric scooters can found for around $400, about the same price as a month of twice-daily shared scooter rides. Electric bikes start at about $1,000".
"The question is whether enough customers will stick around to make the economics work when subsidizes are out of the picture. “I wouldn’t be surprised to see a number of the scooter companies go out of business,” said Korus."

September 13, 2019: "Uber-owned JUMP pulled its bikes and scooters from a handful of markets over the last few months. The latest city affected is San Diego, where JUMP’s bikes and scooters will no longer be available as of September 19, with the exception of two naval bases in the city."

"Uber’s Sept. 10 filing with California’s employment regulator showed that it had laid off 88 workers from its San Francisco offices in August, and this month would lay off 238 more in San Francisco and 82 in its Palo Alto offices. Of the more than 125 software engineers losing jobs, more than 60 were senior software engineers, according to the filing. This week, the company said it had laid off 350 workers but declined to specify to this news organization which job types or office locations were affected."



Thanks Covid-19.
 

cannabineer

Ursus marijanus
Yep. Moreover:

April, 2019: "Our inability to expand our dockless e-bikes and e-scooters could harm our business, financial condition, and operating results", Uber said. No mention of any potential future pandemic.

July 29, 2019: "Uber laid off more than 400 marketing employees today (July 29), a week before the ride-hail company is due to report second-quarter earnings."

August 8, 2019: "Uber lost $5.24 billion in the second quarter — its largest quarterly loss ever — after making huge stock-based payouts in the months following its initial public offering."

August 9, 2019: "The road ahead for scooter- and bike-sharing companies is especially difficult given that the vehicles they offer can now be bought relatively cheaply. Decent electric scooters can found for around $400, about the same price as a month of twice-daily shared scooter rides. Electric bikes start at about $1,000".
"The question is whether enough customers will stick around to make the economics work when subsidizes are out of the picture. “I wouldn’t be surprised to see a number of the scooter companies go out of business,” said Korus."

September 13, 2019: "Uber-owned JUMP pulled its bikes and scooters from a handful of markets over the last few months. The latest city affected is San Diego, where JUMP’s bikes and scooters will no longer be available as of September 19, with the exception of two naval bases in the city."

"Uber’s Sept. 10 filing with California’s employment regulator showed that it had laid off 88 workers from its San Francisco offices in August, and this month would lay off 238 more in San Francisco and 82 in its Palo Alto offices. Of the more than 125 software engineers losing jobs, more than 60 were senior software engineers, according to the filing. This week, the company said it had laid off 350 workers but declined to specify to this news organization which job types or office locations were affected."



Thanks Covid-19.
A nonviable business model needs no external explanation.
 
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