As it gets out of the bike-sharing business, Uber decided the issues with giving its bikes away were too complicated—and so just sent them to the dump.
Two years ago, Uber acquired the bike-sharing startup Jump for a reported $200 million. Three weeks ago, it offloaded the business to Lime, another micromobility company, as part of a deal that also involved laying off most of Jump’s staff. Some of Jump’s electric bikes went to Lime—but nearly 20,000 others are now being unceremoniously scrapped.
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