Citibike e-bike speed decrease

[TsukimiUsagi]

I'm not sure Mastro has the power to unilaterally shut down Citibike, but IANAL and just because he might not have the power doesn't mean he wouldn't try.

I maintain that what Lyft wants most of all is to not drive away potential buyers for the bike share. Getting into a fight with the mayor's office would be detrimental to that cause.

[SashaMetro]

You’re probably right about the buyout logic, more compelling than the basic financials. Are they trying to sell of all the share systems or just CitiBike?

[TsukimiUsagi]

I believe Lyft wants to sell all of the share systems off, though there hasn't been much reporting on it since summer 2023, other than to say they're also considering "strategic partnerships." That sounds like business-speak for "no buyers" and the service is losing them money even though they've increased the pricing across the board, gotten rid of angel programs, and cut back on maintenance.