Micromobility in limbo: Takeaways from Paris and LA
TechCrunch LA
DECEMBER 31, 2022
Despite that apparent hunger, two scooter operators – Lyft and Spin – recently exited the Los Angeles area, blaming a lack of favorable regulations and too much competition, which apparently made it difficult to turn a profit. “This had led to an imbalance of vehicle supply to rider demand as operators over-saturate the market.”
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